When your health is more important than your company
H Ltd had been selling furniture for about 12 years until turnover fell too much. The director was getting ill, and he called in Carmichael & Co. We were able to put him in touch with agents who dealt with the sale of the stock, and together we took the pressure away from him.
After Marc Landsman was appointed Liquidator, he was able to negotiate a refund from the Landlord, and it was possible to pay the employees’ preferential claims and part of the Bank’s secured claim.
All of these are true stories, real amounts, with just the names shortened. One of the people even phoned to ask if it really was him!
Not managing with a debt management plan
The debt laden dentist
New shopping centre led to financial problems
Personal Appearances led to a personal guarantee
Paying back Dividends and an Overdrawn Loan Account
Paying for liquidation if you can’t afford it
When insolvency isn’t the answer
Carmichael & Co has experience dealing with the insolvencies of people and companies from the following trades: accountants, barristers, builders, bus drivers, civil servants, dentists, doctors, electricians, engineers, firemen, football clubs, gardeners, glaziers, health clubs, house-husbands, housewives, independent financial advisers, jewellers, lifestyle coaches, mechanics, nurses, printers, property developers, pubs, restaurants, scientists, shops, solicitors, supermarket workers and truck drivers to name just some.