Insolvency can be distressing and it can feel like a tremendous amount of personal pressure. As experienced insolvency practitioners we understand this. That is why, when you get in touch with us, we can offer you a whole range of solutions and prompt advice to help put your mind at ease.
This is not about insolvency services as a last resort, but as a practical, helpful response in a given situation.
This means that when you get in touch with Irwin Insolvency, we are open with you, and ready to explore whatever options we can to find the best way forward for your financial recovery, whether this is business-related or personal. We believe in constructive solutions for our clients.
Financial matters can seem overly technical and complicated at the best of times. When you are under pressure, the difficulties are often then magnified. What you want is clarity and a calm, systematic approach.
We keep things down to earth and friendly, drawing on our insolvency experts with plenty of experience, and the skills and training to provide the advice, support and answers you are looking for.
Our object is always to provide the most cost-effective but also the most appropriate solutions to all our clients, whatever issues you have.
Help With Your Business
Where clients are having to meet the considerable challenges of running a business, we offer expert assistance and professional advice to help keep them on track.
Our services are not restricted to fire-fighting, or damage control.
In fact, if you contact us, we will look carefully at your business situation and what steps we can take to improve it and help it recover.
Our first aim is to get your business back to profitability. But where we cannot realistically help your business turnaround, we can then offer a range of business insolvency services.
For corporate recovery, we work closely with you, considering all aspects of your business and what the critical factors are affecting its performance and overall wellbeing.
At every stage, it is important that you are happy with the recovery process, which is why we ensure absolute clarity and transparency when we make proposals.
The aim is to improve your business’s financial situation, so that, in the future, you will not require corporate recovery again.
When it comes to considering turnaround as an option, we first consider feasibility and then we take a systematic approach to coming up with a workable, practical solution.
The priority here is to save your business.
Where recovery or turnaround are not possible, we take a realistic approach to problem-solving.
Working within the legal framework of the 1986 and 2000 Insolvency Acts, we strive to find cost-effective, positive solutions where companies are in financial difficulties.
Choosing the Right Insolvency Service
There are several different procedures when it comes to insolvency, and a key part of our process is applying the right one that is appropriate to your needs as a client.
These procedures include:
- Company Voluntary Arrangement – an agreement between a business and its creditors involving a reorganisation plan to delay or reduce debt repayments
- Creditor’s Voluntary Liquidation (CVL) – a voluntary winding up, when a business cannot pay its debts when they are due
- Administrative Receiverships – appointing an administrative receiver for when a business is deemed to be in default of a debt
- Administration – preserving a company’s business by appointing an administrator
- Compulsory Liquidation – a court-ordered winding up of a business
- Report on Directors – reporting to the Department of Trade and Industry on the conduct of a director, or shadow director, as an official obligation.
We always look for the best, sustainable insolvency solutions in each particular situation, and that is how we advise and support our clients.
Business Partnership Problems
If your business is not a limited company but a partnership with several people running it, then we can deal with its financial difficulties in different ways, depending on which will work best for you.
This may involve one or all of the partners becoming individually bankrupt; winding the partnership up in court; entering into separate individual voluntary arrangements; or applying a similar procedure as a company voluntary arrangement.
Again, what is important is that we as your insolvency practitioners find the right solution for your specific business.
Personal Help with Debt
Insolvency is not just about businesses. Individuals can be profoundly affected by financial issues, and we therefore we take an empathic approach to personal debt.
Many people struggle with their finances through no fault of their own and we look at each enquiry we receive sensitively, looking for appropriate, practical solutions.
Our personal insolvency services are:
- Bankruptcy – giving you the fresh start you need through a recognised legal procedure to take the weight of debt off you
- Individual Voluntary Agreement (IVA) – this means you avoid bankruptcy by agreeing with your creditors to pay your debts over an agreed period.
An Expert Team
We have a team of licensed and authorised insolvency practitioners (IPs) ready to take on formal insolvency procedures on behalf of our clients.
We do stress, however, the very human nature of our work. Our team combines professionalism with the personal touch.
When it comes to dealing with sensitive financial matters, and not least the personal, emotional cost of insolvency, you can rely on our team’s complete discretion and understanding.
We look carefully and diligently at each case, to work out how to put our clients on the road to recovery, with compassion, transparency and full accountability.
Irwin Insolvency is a nationwide company, but we operate very much on a regional basis, dealing with the needs of our local clients and their businesses.