You own a business that’s been struggling for months. You’ve taken out loans, borrowed from friends and tried all legal options to keep the business afloat, but your debt continues to grow. With your business going into the red, stress levels are at an all-time high, and you aren’t sure what to do next.
If this sounds like your situation, you could be heading into insolvency and you might be wondering, ‘what is a pre-pack administration?’ Pre-pack administration is an insolvency option that has become more popular and commonplace over recent years. While insolvency may seem daunting, it can provide a much-needed lifeline for your business when you’re drowning in debt. Insolvency allows you to restructure, repay creditors, and save your business from bankruptcy.
If you’re curious about ‘what is a pre-pack administration in the UK’, this article aims to provide you with a comprehensive guide. We want to give readers a clear understanding into how does a pre-pack administration work, when it is appropriate to use, and what to expect during the process.
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
Just to say thanks very much for your professional assistance in the Liquidation. It was a pleasure dealing with you and I will be sure to pass on your details to anyone who should be requiring similar support. All the very best.
Mr. D M
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
Get in Touch
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.
Our Office
Irwin & Company,
Station House,
Midland Drive,
Sutton Coldfield,
West Midlands B72 1TU
Call us
0800 254 5122
Email us
[javascript protected email address]
Fill in the form below and a member of our expert team will be in touch to discuss how we can help you.
"*" indicates required fields