What Information do I need to Provide to Start the Insolvency Process?

To begin the insolvency process and receive tailored advice, our insolvency practitioner will require specific information from you:
- Details of Creditors: Provide an estimate of the company's creditors, including the total number, amount owed, and any significant debts.
- Overview of Assets: List all company assets, encompassing tangible items such as machinery and vehicles, as well as intangible assets like cash reserves, accounts receivable, and work in progress.
- Company History: Briefly outline the company's background and the challenges that have prompted your inquiry for advice.
If you decide to proceed with a formal insolvency solution, you'll need to complete a more comprehensive questionnaire. Rest assured, our team will guide you through this process, ensuring you're supported every step of the way.
Navigating insolvency can be daunting, but our experts are here to provide clarity and support, drawing on our extensive experience to help you through this challenging time.
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