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Sunday, May 20, 2012
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Commercial Law Insolvency

Insolvency

Insolvency can arise where the debts of an indivdual or a business are greater than his, her or their assets.

When this situation arises, an application can be made to the Court, in the case of an individual, to make them bankrupt, or in the case of a Limited Company, for the liquidation of the company.  This process has enormous consequences both for the individual or company which becomes insolvent, and for those to whom they are due money.

We are fully equipped to provide you with prompt and professional advice on all aspects of insolvency, including

  • steps which can be taken to avoid insolvency
  • the process of becoming insolvent
  • the consquences of insolvency

We also have experience in acting for the trustees of insolvent individuals, and company liquidators.

Contacts:-

  • Stuart Hunter at This e-mail address is being protected from spambots. You need JavaScript enabled to view it
  • Ruth Croman at  This e-mail address is being protected from spambots. You need JavaScript enabled to view it
  • Garry Sutherland at This e-mail address is being protected from spambots. You need JavaScript enabled to view it
  • Jane McNicol at This e-mail address is being protected from spambots. You need JavaScript enabled to view it
Macnabs is the trading name of Macnabs LLP,  a limited liability partnership registered in Scotland no. SO300647.
VAT registration number  2688443.  Our registered office is 10 Barossa Place, Perth, Scotland. PH1 5JX