Insolvency
Are you facing Bankruptcy or Liquidation?
Many businesses experience cash flow difficulties. This can result from rising costs,
customers defaulting upon payment and large tax demands.
If your bank refuses to extend credit facilities, or a creditor seeks to close your business
through insolvency proceedings, you risk losing your entire business.
Sole Trader & Partnerships
If you operate as a sole trader or in partnership (a firm), insolvency can result in a
Creditors Bankruptcy Petition. The creditor will normally serve a Statutory Demand for payment
giving you 21 days to find full payment. If this cannot be paid, you risk being made bankrupt.
Limited Company
Creditors can issue a 'Winding Up' petition to try and force payment. Your bank account will be
frozen pending a court hearing. Unless the debt and costs are paid in full, a winding up order
is made resulting in the liquidation of company assets.
Sale & Leaseback
To avoid bankruptcy or liquidation we can step in and buy your commercial premises and lease them back.
In addition to providing funds to clear any debts, the equity released can provide a cash injection for
you to invest. We can act quickly and halt any pending insolvency proceedings.
Residential Sale and Leaseback
As an alternative to selling your commercial premises, you could look at selling your residential
premises with the option of renting back. The released funds can be used to invest into your business.
For more details visit our residential division;
www.aquicksale.co.uk/rentback
Option to Buy Back
With either a commercial or residential sale, we can provide you with an option to buy back the premises at
an agreed price. This gives you flexibility and the option to regain ownership in the future should you wish.
As the company name depicts, this recent transaction was conducted quickly and to my complete satisfaction, with professional efficiency and courtesy.
Agreed payment was received in full on the stated date, with absolutely no fuss or bother, and paying my legal fees was a refreshing gesture and much appreciated.
All in all it has been a pleasurable experience and I have no hesitation in recommending your service to any future client.
Mr J, Middlesbrough