The company assists and explains to directors the formal winding-up procedures of an insolvent limited company – both creditors voluntary and compulsory liquidations – and how to deal with creditor pressure and the rights of employees.
Under the various provisions of the Insolvency Act 1986, struggling companies may obtain the protection of the Court whilst negotiations can take place for the possible re-financing or re-organisation of the company, in order to achieve its survival, or part of it, as a going concern, or to obtain the approval of creditors to an Arrangement in satisfaction of their debts.