The intention of this website is simply to supply some general background to the services that we provide in all areas of insolvency. The nature of what we do means that a site such as this can only ever provide general information and we would welcome the opportunity of discussing your area of concern with you directly either by email, by telephone or by way of a meeting. All initial enquiries are free of charge and your query will be handled confidentially and discreetly by an experienced member of staff. We hope you find the information on this site to be informative and look forward to hearing from you.
Served areas
- Scotland
Associations and certifications
- Institute of Chartered Accountants of Scotland
Services
If you require urgent advice in relation to debt or financial difficulties, either for an individual, business or limited company, please contact us initially on 0141 221 5761 or at advice@hastingsinsolvency.com for a free, independent and impartial consultation. This can be carried out by phone, in person or online.
We are a Chartered Accountancy practice which specialises solely in the field of insolvency. We are a family firm and therefore we are very familiar with the difficulties that individuals and small or medium sized businesses have in accessing specialist advice which is delivered in a manner that is both personalised and capable of being understood.
As a Company which specialises in one particular field we can sympathise with fellow professionals whose clients expect them to be able to advise on a far wider range of services and obviously from time to time those fellow professionals will not have the required knowledge to be of any meaningful assistance to their clients.
This site deals solely with those resident in Scotland and the information detailed below applies only in Scotland. There are a range of options open to you depending on your personal circumstances ranging from simple debt repayment plans that you arrange with your creditors through to sequestration (commonly referred to as bankruptcy).
The principal characteristic of an MVL is that the company must be solvent. That is the realisable value of its assets exceeds the value of its liabilities including costs contingent on liquidation such as redundancy or lease dilapidation costs etc. There must be a surplus from the foregoing after providing for post liquidation tax and anticipated costs of administering the MVL.
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