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Our Insolvency Practitioners London team are here to guide you through these difficult times. Our advisors are here to support London businesses and individuals with financial difficulties to help you to deal with all aspects of getting out of debt.
As insolvency practitioners we provide sound advice to company directors in difficulty. We help you navigate the complex world of administration, liquidation, company restructuring and advice.
At Middlebrooks, we offer a full range of professional advisory options.
Whether you’re an owner-managed business or represent a major international corporation, our services can help your business. We offer advice on restructuring, raising finance and turning your company around.
We provide corporate and commercial finance, restructuring and consulting.
Are you struggling to pay your creditors? A CVA is a powerful framework that provides a good option if you are prepared to fight for your business’s survival. It gives you time to make changes and protect your distressed, yet viable company.
Please do note that this arrangement can only be proposed if a company is insolvent or contingently insolvent.
Appointing Middlebrooks as your London insolvency practitioner means you will receive expert advice and we will deal with your creditors for you. We will guide you every step of the way.
Does your company have serious cashflow problems, is insolvent and are you experiencing pressure or facing serious threats from creditors? The best solution may be to enter Administration. This gives you time to consider alternatives and put a plan in place to rescue your business.
Rescuing your company so it can continue to trade, if possible, is the first objective of your Administrator. However, as your insolvency practitioners London, if we can’t find a way to rescue your company, we will look to achieve a better result than if your company were to go into liquidation.
A formal insolvency procedure, Pre-Pack Administration is where your company has arranged to sell some, or all, assets before going into Administration, This will often be to current Directors, who then often form a ‘newco’ – or new company – to trade as.
As your insolvency practitioners London, we can discuss your situation in confidence and we can find the best solution together. You are invited to arrange an initial consultation with one of our qualified licensed insolvency practitioners.
This is a formal process to close your limited company. When the Liquidation process starts, your business assets are sold to repay creditors and the business closes down and ceases to exist as a legal entity. Any outstanding debts will be written off (unless the Director has personally guaranteed these borrowings).
If you appoint Middlebrooks, we will act as your London insolvency practitioner and take control of the company and ensure its affairs are wound up in an orderly manner.
As Insolvency Practitioners London, we can set up Individual Voluntary Arrangements – (or if in Scotland, Trust Deeds, or file for sequestration).
An IVA enables you to set up a formal and legally binding agreement with your creditors, so that you can pay back your debts over a period of time, if you are struggling to pay them off.
An IVA must be set up by an insolvency practitioner. An IVA is approved by the Court and your creditors are legally obliged to cease all legal actions, freeze all interest and stop adding any late payment charges.
Anyone who lives in England (and Northern Ireland or Wales) – or has done so within the last 6 months – can apply for an Individual Voluntary Arrangement. (If you live in Scotland, there is a different arrangement called a Protected Trust Deed.)
As your insolvency practitioners London, we will deal with your creditors throughout the entire process. We will work out a repayment plan for you.
A voluntary, but legally binding agreement, between you and your creditors (the people you owe money to), a Trust Deed is where you agree to pay your debts (if you have over £5,000 in unsecured debts) at an affordable rate, whilst protecting your car and home.
Trust Deeds must be arranged and administered by a licensed Insolvency Practitioner (IP), like Middlebrooks, where we would take on the role of ‘Trustee’. So, if you instruct us as your London insolvency practitioner, it is our job to set up the Trust Deed and deal with your creditors on your behalf.
This means that you can carry on with your life without worrying about debt – because your creditors are not legally allowed to contact you directly for further payments.
Essentially the Scottish version of bankruptcy, Sequestration is a form of insolvency which helps alleviate the worst of your financial worries.
If you are unable to meet your unsecured debt obligations in any way (worth more than £1,500), the final resort is sequestration. Your debts can be written-off after a fixed period of making monthly payments towards what you owe.
You will need a licensed Insolvency Practitioner (IP), also known as a Trustee, to take control of your assets and liaise with your creditors on your behalf. This is what we do at Middlebrooks – and we’d be delighted to discuss as your Insolvency Practitioners in London.
The team at Middlebrooks completely understand that dealing with financial difficulties, and talking to Creditors, can be extremely daunting, especially during a stressful time. That is why we are here. We act on your behalf and we fight your corner, whether you are a business owner or an individual.
As your insolvency practitioner London, you can trust us to be understanding, caring and honest. We will put our arm around you and guide you through the entire process.
Get in touch with our Middlebrooks insolvency practitioner London team today and we can get started.
14-18 Hill Street
Edinburgh
EH2 3JZ
0131 297 7899
FIFE OFFICE
16 Cromarty Campus
Rosyth
Dunfermline
KY11 2YB
ABERDEEN
Glasgow
LONDON
Claire Middlebrook, Scott Bastick and Katie McLachlan are authorised to act as insolvency practitioners in the UK by the Institute of Chartered Accountants of Scotland
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