Once you understand your position and options, you need to make decisions and act. Delay rarely helps. The sooner you take action, the more options you usually have.
Making decisions
This is not a situation where you can wait for perfect information. You need to make decisions based on what you know now, while remaining open to adjusting as circumstances change.
Key decisions to make:
- - Is the business worth saving? Can it be saved?
- - Which option will you pursue?
- - What do you need to do immediately to protect your position?
- - Who else needs to be involved?
Working with Carlile Dowling
We work alongside you through this process, providing the legal advice and support you need.
Initial assessment
We help you understand your position and obligations. We explain your options and what each would involve. This is confidential - exploring your situation creates no obligations.
Strategy development
Once you decide on a direction, we help develop the strategy. What needs to happen, in what order, and who needs to be involved.
Implementation
We handle the legal work required - whether that is negotiating with creditors, preparing documents for formal processes, or advising on ongoing obligations.
Ongoing support
Financial difficulty often takes time to resolve. We are there throughout the process, adapting strategy as circumstances change.
Coordinating with other advisers
This situation usually requires multiple advisers working together. Your accountant understands the financial position. Your lawyer understands the legal obligations and options. You should not have to be the middleman.
You may also need:
- - Insolvency practitioners (liquidators, administrators, receivers)
- - Business advisers for operational restructuring
- - Valuers for asset assessment
- - Bank or finance specialists
Next steps
If you are reading this guide, you probably have concerns about a business situation. The most important next step is to get professional advice so you understand your actual position and options.
What we do at this stage
We are here to help you navigate this. An initial conversation is confidential and creates no obligations. We explain your position, your options, and what working with us would involve. The sooner we talk, the more options you usually have.
Ready to discuss your situation?
All conversations are confidential. Early advice keeps more options open.
Discuss Your Situation (Confidential)