12th September 2016
If an unincorporated business, sole trader or personal client is facing financial difficulties or insolvency, Lifecycle is able to provide the most expert support and advice during what is a distressing time.
It’s team of specialists works in partnership with SME accountants to develop a clear and concise action plan to tackle both personal and business debt. It then works alongside all parties involved to implement the necessary steps to secure the swiftest and most straightforward solutions.
Of course, the legal status of a client’s business determines how its debts will be treated, its various creditors’ enforcement powers and the business debt advice it requires.
The team has enviable experience of working with Sole Traders, Partnerships and Limited Companies across extensive markets and sectors as well as individuals experiencing financial stress. With strong credentials in business, sports, media and academia, the Lifecycle network provides accountants and their clients with access to the most robust and professional personal debt advice – regardless of the nature and complexity of their financial situation.
And in addition to assisting with business issues, Lifecycle advises individuals dealing with Personal Guarantee liabilities, often triggered by a business failure.
The team also has extensive expertise in all insolvency processes including:
- Individual Voluntary Arrangement (IVA) that will be developed by Lifecycle in line with what your client can afford to repay and for what duration.
- Bankruptcy
- A variety of informal insolvency solutions for those clients owing a nominal debt to a single creditor. By working in partnership with Lifecycle, the arrangements it proposes, writes and supervises are much more likely to be accepted by creditors.About the Lifecycle network
Lifecycle is a unique network for accountants – provided by the Leonard Curtis Business Solutions Group.
It provides member accountants with a comprehensive range of specialist services – and the expert support required – to improve your client offering at every stage of a business’ lifecycle. From company formation to cessation and all stages in between.
Lifecycle is free to join and also offers members many additional benefits. These include eligibility for a highly competitive Professional Indemnity insurance scheme, a regular programme of free training and education and discounts on products and services relevant to their business and clients’ needs.
Services offered by Lifecycle include: Company secretarial and formation; equity finance for SMEs; debt advisory for SMEs; personal debt advice; corporate restructuring, insolvency and cessation; debt finance for SMEs; cashflow maximisation; property solutions and legal services.
For more information on Lifecycle click here and to become a member of Lifecycle click here, call for free on 03300 242 333 or email hello@lclifecycle.co.uk.
Follow Lifecycle on Twitter here.