The downturn in the oil and gas sector has had a profound impact on the north east economy. On top of this the Brexit situation has presented further uncertainty. It is no surprise that, owing to these external market forces, many individuals, small businesses and corporate entities will be experiencing severe financial challenges.
From the individual perspective the fragility of the local job market has led to changes to working hours, pay cuts and redundancies. These trends have left many people unable to meet their financial obligations. Facing up to these challenges can be extremely difficult and stressful but there are options available and, with the right advice and support, individuals affected can look forward to a more financially secure future.
From the business perspective the shrinking local economy will impact the bottom line and threaten the very existence of many businesses. In this situation there are two options: try to save the business through restructuring or to wind-up the business, in the best interests of all stakeholders, by implementing an exit strategy that minimises the financial consequences.
In this FREE CPD seminar (75 minutes) our Director Antonia McIntyre and Senior Manager Ian Brown will, through the use of case studies, take a practical look at the latest recovery, restructuring and insolvency options available to individuals and businesses in Aberdeen.
The seminar will cover the following topics:
- Solutions for individuals
o Debt Arrangement Scheme
o Business Debt Arrangement Scheme
o Trust Deeds
- Solutions for Insolvent businesses
o Administration (including pre-packs)
o Creditors’ Voluntary Liquidations
- Solutions for Solvent businesses
o Capital Reduction
o Members’ Voluntary Liquidation
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When & Where
Phone: 0845 051 0210