If you are facing commercial insolvency, it is imperative to seek help from insolvency lawyers at the earliest sign of trouble. There are different options available to you, and professionals who specialise in law insolvency will be able to provide you with advice and guidance during this stressful time.

Below we take a look at your options. Gibson & Associate insolvency specialists have also developed a unique asset protection plan to overcome insolvency issues that businesses face. Get in touch today to discuss this unique solution with one of our experts.

Law Insolvency

Whether you are a small business or have a vast team of employees, the threat of commercial insolvency insolvency lawyers will always be extremely troubling. After all, you will have invested a significant amount of time and money into your business. It gives you an income, feeds your family and, if you have staff, keeps them afloat. The threat of business closure will therefore be highly distressing to all concerned.

However, it is important to realise that there are things you can do to salvage the situation. This can include:

  • Company Voluntary Arrangement (CVA)
  • Examinership
  • Receivership

Each option is best suited to different situations. To find out which procedure would most benefit your business, you need an insolvency firm in Ireland that will be able to help you.

Insolvency Firms

As one of the country’s leading insolvency firms, we are experts in law insolvency and will be able to take you through the various routes available, explaining the ins and outs of each. Our insolvency lawyers will use their professional expertise to suggest the best way to recover your debts, helping you to prevent the problem from spiralling out of control.

On the other hand if you do decide to wind up a company through liquidation, there are a number of legal steps that must be followed:

  1. A members meeting must be held to declare the insolvency of the company and nominate a Liquidator;
  2. A creditors meeting must be held in the vicinity of the registered office to appoint a liquidator;
  3. The Chairman of the meeting (a nominated director) must present a Statement of Affairs showing a list of creditors and value of assets (both book value and realisable value);
  4. The chairman is also required to read out a Directors Statement stating how the company became insolvent.

Our insolvency lawyers will assist you with the various stages of law insolvency and liquidation, ensuring that everything is properly tied up. This support can prove invaluable, reducing the worry and heartache you will be experiencing at this time.

Contact Us Today

As one of Ireland’s leading insolvency firms, Gibson & Associates will be more than happy to provide specialist advice regarding your insolvency.

For a consultation with one of our insolvency lawyers, please complete our Online Enquiry Form, email us on or call us on 1890 989 289 and we’ll be happy to help.

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