If Emerald can help you start again and get rid of the worry and debts, could you get back to doing what you do best, make some money and enjoy running your business again?
It is perfectly legal to form a new company from the remnants of a failed company.
Not all businesses succeed at the first attempt, according to the Small Business Service, one in three businesses close within three years. Business can fail for any number of reasons and there are occasions when honest individuals find they can no longer trade out of their difficulties.
However care must be taken when setting up the new company, obtaining finance, negotiating with creditors and buying assets from the insolvency practitioner to make sure there are no further problems going forward.
If you deal with an Insolvency practitioner direct they cannot be responsible for this and that’s where we can help.