What we provide to youOften trade creditors and loan repayments spiral out of control and at this point your relationship with funders and suppliers will begin to break down. This instability combines with the commercial and personal financial stress causing you to wonder if the company can even continue to trade.
At this time, accountants and solicitors will invariably start discussing insolvency and even the appointment of a liquidator. At The Commercial Practice we are experts at negotiating with creditors and have assisted many companies to avoid insolvency, even when the director and their accountants had believed there was no other alternative. The last thing your creditors want is for your company to go into liquidation or administration as the financial result for them can be devastating. Once we contact them and let them know that we want to work together to avoid this, we generally find they are receptive to settlement terms and amounts that you would have considered impossible to attain. When presented appropriately with the facts and the recovery strategy, we find that most funders and creditors appreciate this open and honest approach to dealing with your company debt and are happy to continue the relationship moving forward. |
Other Services
Commercial + Personal Restructure Strategies
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Why work with The Commercial Practice? |
Credible Industry Resources
Up-to-Date Knowledge
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Highly Skilled Professionals
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