Advising directors on restructuring and insolvency
If your company is in trouble and you need advice on the following, you may need to give us a call:
1. ViabilityIs your company worth saving and is it possible to save?
We can do a quick viability review to help you decide.
2. Restructuring
If your company is viable, does it need restructuring to save it?
Experience shows that businesses in significant financial difficulties can sometimes survive when early action is taken to tackle the core underlying reasons.
When a company decides to approach us in time, we can give an early diagnosis and work with the directors to attempt a recovery of part or all of the business.
Restructuring
Is your company insolvent?
Indicators: check these indicators to find out.
If you have any of these indicators, you should contact us at dvm@dvmannion.ie
If your company goes insolvent it should be liquidated in accordance with Company Law. One of the duties of the liquidator will be to investigate the affairs of the company and report to the Office of the Director of Corporate Enforcement on any irregularities by directors. If the directors did not act honestly and responsibly, they may be restricted or disqualified by Company Law. You may concerned about your responsibilities as a director and need to take advice.
Check your behavior as a director to see whether there may be problems
4. Directors personal exposureDirectors may be able to limit their personal exposures in the event of an insolvency
If have concerns about this or any other action to take, contact us at dvm@dvmannion.ie
