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Insolvency

A business is insolvent when it is unable to pay its debts as they fall due or if liabilities exceed the assets (the ‘balance sheet test’).

Insolvency comes in many forms including: Liquidation, Administration, Bankruptcy and Voluntary Arrangements.

In some cases it can be possible to avid formal insolvency if you act soon enough. The key is to recognise you have a problem and to deal with it – not hide from it – like we all want to do.

We have just worked with Kirks to complete the closure of our company. Everything went smoothly and professionally. I would recommend this firm and the staff who were very very helpful and quickly finalised everything. Thank you Kirks.
Carol Hill
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