Insolvency Services

Insolvency Services in Leicester, Leicestershire and nationwide

In today’s challenging economy, many companies and individuals face issues with cash flow, financial problems and insolvency processes. Hollingsworths provides timely, practical advice on how best to handle the situation.

We advise insolvency practitioners on both corporate and individual insolvency, providing commercially-minded and practical advice on any issues that arise.

Businesses

When you face insolvency issues, it’s important to take advice as soon as possible. For example, Statutory Demands, Winding-up Petitions and Bankruptcy Petitions are subject to tight time limits, and failure to act quickly can result in serious sanctions such as the freezing of your business bank account.

The Hollingsworths Insolvency team provides practical advice on dealing with financial problems and insolvency processes. We’ve provided insolvency advice for a wide range of companies in Leicestershire and across the UK. If your business has cash flow and financial problems we can advise you on the options, including voluntary liquidation.

We also advise company directors on what they can do if their business is in difficulties, as directors can be personally liable for debts if their company trades while it’s insolvent.

Individuals

Hollingsworths can advise you on what to do if you have received a Statutory Demand, or if you’re thinking of declaring yourself bankrupt because you can’t repay your debts. Our friendly team will discuss the implications of bankruptcy with you, and advise you on other available options such as an Individual Voluntary Arrangement (IVA). We can also handle applications to annul a Bankruptcy Order made against you.

For more information about our insolvency services please call us on 0116 204 7260, or email us