Where a Company is solvent, it can liquidate the company in a tax efficient manner. An IP would be appointed, with the assistance of Lawson West, and all creditors will be paid in full plus interest.
The risk of personal liability of the Directors’ can be greatly reduced, if continued trading is considered. Lawson West can provide robust advice to Director’s in relation to MVL’s and as to whether the Company meets the statutory tests of insolvency, as set out in the Insolvency Act 1986. Where a company does not meet the required test, we will provide advice with regards to the best alternative option for your company.
Contact Us Our experienced Litigation and Disputes team of lawyers and solicitors is here ready to help you further in any insolvency action or litigation. We act for business directors and business owners and we can advise and provide support.
