Company Liquidation Advice for Scottish Directors
If your company cannot pay its debts, Lennox Insolvency provides clear, confidential advice on your options, including Creditors’ Voluntary Liquidation, from experienced insolvency professionals who understand the Scottish insolvency process.
Why Lennox Insolvency?
- Scottish insolvency expertise
- Advice focused on Scottish companies, Scottish insolvency procedures and the issues facing directors in Scotland.
- Clear, competitive fees
- Straightforward pricing and clear explanations of the likely costs before you decide how to proceed.
- Direct access to experienced advisers
- Speak to people who understand corporate insolvency and can explain your options clearly and practically.
- A genuine Scottish presence.
- Specialist support for Scottish company directors from our Scottish office, backed by wider corporate insolvency experience.
What does liquidation mean for you as a director?
Directors often have as many questions about their own position as they do about the company. We will explain what the liquidation could mean for you personally, what issues may need to be addressed and what you should expect from the process.
Personal liability for company debts
Understand when personal liability may become an issue and what you should do if you are concerned.
Bounce Back Loans and liquidation
Find out how a Bounce Back Loan is dealt with when a company enters liquidation.
Overdrawn director’s loan accounts
Understand what happens if you owe money to the company when it goes into liquidation.
Personal guarantees
Find out what liquidation can mean where you have personally guaranteed company borrowing or other liabilities.
Director redundancy claims
Find out whether you may be entitled to make an employee-related claim following liquidation.
Director conduct investigation
Understand what information a liquidator may review and what directors can expect.
Scottish insolvency expertise
Corporate insolvency in Scotland sits within the wider UK insolvency framework, but important aspects of court procedure, creditor enforcement, statutory notices and administration differ from England and Wales. Lennox Insolvency is focused specifically on Scottish companies and Scottish directors.
The Accountant in Bankruptcy
The Accountant in Bankruptcy has an important role within the Scottish insolvency framework and receives statutory information relating to corporate insolvency appointments.
The Edinburgh Gazette
Formal Scottish insolvency procedures can require notices to be published in the Edinburgh Gazette.
Scottish courts
Scottish corporate insolvency can involve the Sheriff Court and, in appropriate cases, the Court of Session.
Scottish procedures and terminology
Scottish creditor enforcement, court process and insolvency terminology differ in a number of respects from those used in England and Wales.
Our team & Scottish office
Lennox Insolvency has been created to provide Scottish company directors with direct access to experienced corporate insolvency advice. Our approach combines technical knowledge with straightforward, practical explanations of what directors need to do next.
Our Scottish office gives Lennox a genuine physical presence in Scotland while allowing us to draw on the wider experience and resources behind the Business Rescue Expert businesses.
Lennox Insolvency is a trading style of BusinessRescueExpert (Caledonia) Limited.
