Finn Associates - Insolvency legislation

about us

what we do

how we do it

achieving it

			There is no magic formula for achieving success, rather, just as Eddie Cochran sang all those years ago of the ‘3 steps to Heaven’ so too there are 3 initial steps to be taken in tackling any insolvency problem, namely...

HOW WE ACHIEVE IT

Insolvency legislation commencing with the
Insolvency act and Insolvency Rules 1986 brought much needed discipline into what has become the insolvency profession, whilst new legislation ‘bolted on’ in 2003 and 2004 reflects a far more liberal regime, intent upon promoting the entrepreneurial spirit in an American inspired philosophy. Business failure is not to be regarded with stigma and company directors and individuals alike are encouraged to ‘try again’.

Those interested in comparing the comparative
freedom from penalty of today with the ‘suspended
sentences’ meted out between 1721 and 1761
are invited to click onto our debtabate website.

A successful outcome to a financial problem is always far more likely
when it is tackled by client and adviser working in harmony.
Finn Associates strive, wherever possible, to achieve such synergy
by combining necessary financial disciplines and insolvency procedures with the client’s own specific business experience.

Occasionally it is possible to reconstruct a business without the need
for any formal insolvency appointment through reaching an informal
moratorium with creditors. Such an arrangement has to be the first
choice for any financially troubled individual or company director.
The reality is more likely to be the requirement for a formal
appointment through...

For a Company:	For a Partnership:	For an Individual:
Company Voluntary Arrangement	Partnership Voluntary Arrangement	Individual Voluntary Arrangement
Administration	Administration	Bankruptcy
Administrative Receivership	Winding Up
Liquidation

Full details of each of these insolvency procedures for companies
and partnerships are to be found on our businesscare website
whilst bankruptcy and individual voluntary arrangements are explained on our debtabate website.

HOME l ABOUT US l SERVICES l CONTACT US