Pre-pack insolvency arrangements

Does your business face liquidation or voluntary administration?

We help businesses facing liquidation or voluntary administration. We evaluate whether a pre-pack insolvency arrangement is suitable and devise a strategy to rescue businesses from a liquidation firesale. We fight to protect our clients’ rights and maximise their financial return.

Pre-pack insolvency is widely used in the UK, and is an alternative to entering voluntary administration. The future of the business is determined before the appointment of a voluntary administrator or liquidator – so it is not left to a meeting of creditors to decide.

There are two criteria for a pre-pack arrangement – the business must be insolvent and the directors must be willing to restructure the business so it can be rescued and given another chance at success.

A pre-pack arrangement is a legal response to insolvency for small- to medium-sized businesses. Under this arrangement, the business continues trading through an alternative structure. That makes it different from phoenix activity, which involves illegal asset stripping.

We use pre-pack arrangements to help our clients protect goodwill, save jobs and avoid a liquidation firesale. We take care of all expert reports, valuations, accounting reconciliations, company incorporation procedures and other requirements.

Our points of difference

  • Vast experience in dealing with companies in financial distress
  • Urgent focus on getting results in crisis situations
  • Specialist knowledge of insolvency law and current practice
  • Support services including contract preparation, debt recovery and court representation that may be necessary for a restructure to succeed
  • Flexible pricing methodology

made by avanavo.com

×