If your business is struggling financially, you may be considering the benefits of a pre-pack insolvency process.
A pre-pack insolvency process is an insolvency package or restructuring plan that’s agreed on by company directors before an insolvent business is forced into administration or liquidation.
The most common goal of a pre-pack insolvency process is to arrange the sale of an insolvent company and its assets to new buyers, allowing for a smooth transition and a continuation of business, even as the company enters into administration.
In this article, the expert team at Irwin Insolvency explains exactly what pre-pack insolvency is, what the benefits are, and when the process might be best for your company.
Great Guys. Very Competent. Sat down with me and explained the law and all the proceedings without rushing me. Kept me up to date with everything. Great Service and would not hesitate to use again. 5 Stars !
Mr. Adam G
Thank you for all your help in the liquidation. I will always pass on your details and recommend you.
Mr. J M
I would like to thank Irwin’s for the work and help that was done in securing an IVA for my wife. Your team showed great commitment and tenacity throughout the whole process without which we could not have achieved this outcome. Thank you again for your team’s help in moving forward.
Mr. T & Mrs. D B
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With over 25 years of experience, helping people just like you, we are committed to providing you with all the help and advice you need during these challenging times. Simply give us a call, drop us an email or fill in the form to find out how we can help you.
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