Voluntary administration is a legal process designed to help companies in financial distress. It allows an external administrator to take control of the business temporarily, assess its position and recommend a path forward whether that’s restructuring, selling the business or winding it up.
The process can give directors and creditors breathing space while decisions are made. It may also protect directors from personal liability for insolvent trading, preserve the business’s value and lead to a better outcome than liquidation.
Law Tram connects you with lawyers who can help you understand whether voluntary administration is suitable for your business, what it involves and how to begin the process properly.
Start by completing our secure online questionnaire. This step allows you to provide essential details about your business’s financial situation and any creditor or legal pressures you are facing.
Law Tram’s advanced technology generates a confidential legal summary of your situation while keeping your personal and business information private.
Your confidential legal summary is shared with our network of vetted lawyers who review your case to determine how they can assist.
If a lawyer believes they can help, they will initiate a chat with you through the Law Tram platform. Your contact details remain private unless you choose to share them.
You are under no pressure to retain any lawyer unless you are confident in their ability to assist. Law Tram empowers you to make informed decisions.
Law Tram’s Debt and Bankruptcy Consultation offers a secure, efficient and supportive way to connect with expert legal help. Whether you’re considering voluntary administration or responding to financial pressure, our platform helps you access tailored advice from qualified lawyers.
Start your free, confidential consultation today. Please note that Law Tram does not assist in finding legal aid lawyers. If you are seeking legal aid, visit our dedicated legal aid page for more information.
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