Need support from an insolvency practitioner who is experienced in credit union insolvency?
We will carry out a free, no obligation, review to assess whether it might be possible to turn things around – we are committed to seeing the credit union movement prosper, so a positive solution is the first thing we look for.
If a turnaround should be possible, we will introduce you to a seasoned credit union turnaround specialist and simply withdraw.
If things should have gone too far, if you lack the resources or time to turn things around, or if the turnaround does not succeed such that formal insolvency is unavoidable, we will have the skills to act as your administrator / liquidator. But before doing so we will work hard to save what we can – much can be done to save the fruits of your hard work – and unlike other insolvency practitioners, in this ‘pre-appointment period’ both us and our lawyers will work on a fixed fee basis’ fees – we will not ask you for a blank cheque! It’s not unusual for our competitors to want £50,000 for their pre-appointment work even though little positive is achieved!
We have a good deal of experience in credit union administrations and liquidations, having acted as administrator / liquidator previously. The appointment to any credit union necessitates the IP acting with significant tact and diplomacy and the use of sophisticated systems if the work is to be conducted diligently, quickly and with the least possible adverse impact on everyone. Don’t choose an IP because of their reputation on other assignments or their size, choose one on the basis of their relevant skill and experience.
References are available on request.
Call Paul now on 01902 672323 to arrange a free initial, onsite assessment.