At Free Insolvency Advice, we provide confidential, no-cost guidance to individuals and businesses in financial distress, offering expert insolvency advice, debt solutions, and insolvency support.

Whether you’re a company director, sole trader, or partnership owner, our expert advisors are here to support you in understanding your options for corporate insolvency, personal insolvency advice, or business rescue, and taking action to protect your future.

With services available across the UK, our aim is to provide calm, clear, and compliant guidance when it’s most needed, including bankruptcy advice, financial distress advice, and debt management advice.

How Does The Free Insolvency Advice Process Work?

The process of free insolvency advice usually starts with a confidential phone or online consultation. A licensed insolvency practitioner help or advisor conducts a review of your business or personal financial position, assessing the scope of debt, risks, and obligations.

Based on that assessment, the advisor presents tailored insolvency options, outlining pros, cons, and potential costs. Crucially, this service is non-obligatory and completely free at the consultation stage, allowing you to make informed choices without pressure.

What Issues Can Be Addressed Through Free Insolvency Advice?

We provide comprehensive insolvency support to help resolve a wide range of business and personal financial challenges, including:

• Cash flow problems – Assistance in managing shortfalls and improving liquidity.
• Mounting debt – Guidance on negotiating with creditors and debt restructuring.
• Pressure from HMRC – HMRC debt advice including Time to Pay arrangements and avoiding enforcement action.
• Overdue invoices – Strategies to improve collections and maintain cash flow.
• Unpaid suppliers – Advice on creditor negotiation and maintaining supply chains.
• Legal threats – Help addressing court demands, statutory notices, and winding-up petitions.
• Uncertainty about solvency – Expert solvency assessment to determine a company’s financial health and next steps.

Is Free Insolvency Advice Really Free?

The insolvency advice and consultation itself are completely free, as there are no upfront fees for assessing your situation or presenting your insolvency options.

However, if you choose to proceed with a formal insolvency process, such as entering liquidation, arranging a CVA, or filing for bankruptcy, there will be professional fees involved. These fees are always outlined clearly in advance, so there are no hidden costs or unexpected charges.

Can Free Insolvency Advice Prevent Business Closure?

Early, free insolvency advice can result in business rescue plans that stabilise the business and allow it to continue operating. By restructuring debt or negotiating settlements with creditors, companies may avoid insolvent liquidation altogether.

Even in more severe cases, well-timed corporate insolvency advice can reduce damage, protect directors personally, and save aspects of the business that are still viable.

What Solutions Are Available After Receiving Free Insolvency Advice?

Following your free insolvency consultation, a range of tailored solutions may be recommended to address your company’s financial situation, including:

• Company Voluntary Arrangement (CVA) – A formal agreement to renegotiate payment terms with creditors while continuing to trade.
• Administration advice – A process offering legal protection while the company is restructured or sold to preserve value.
• Creditors’ Voluntary Liquidation (CVL) – A structured liquidation support option for insolvent companies unable to pay debts.
• Members’ Voluntary Liquidation (MVL process) – A tax-efficient way to close a solvent company and distribute assets.
• Time to Pay arrangement – An agreement with HMRC to spread tax payments over a manageable period.

How Do I Know If I Need Insolvency Advice?

You should consider seeking insolvency advice if your company is struggling to meet tax payments, falling behind with invoices, or facing legal demands.

Other warning signs include over-reliance on credit, directors loaning personal funds to cover costs, or consistent monthly losses. If stress is building and it feels unmanageable, it’s a strong sign that professional insolvency practitioner help could be valuable.

What Should I Bring To A Free Insolvency Consultation?

To ensure a productive free insolvency advice consultation, it’s helpful to bring the following documents and information:

• Recent financial statements – Profit and loss, balance sheet, and cash flow summaries.
• List of debts and creditors – Including amounts owed, due dates, and contact details.
• Court notices or legal correspondence – Such as statutory demands, winding-up petitions, or county court judgments.
• HMRC correspondence – Letters regarding tax arrears, penalties, or enforcement action.
• Company structure details – Information on directors, shareholders, and registered office.
• Asset list – An overview of company assets, including property, vehicles, or equipment.

Is Free Insolvency Advice Confidential And Regulated?

All insolvency advice consultations are conducted in strict confidence and handled by professionals regulated by bodies such as the Insolvency Practitioners Association (IPA) or ICAEW.

This ensures the advice you receive is accurate, unbiased, and legally compliant. You’re never pressured into taking action unless you’re ready to pursue insolvency solutions, bankruptcy solutions, or debt management advice.

Contact Free Insolvency Advice to get details on safe and compliant insolvency advice, business rescue services, and debt support for your company.

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Make sure you contact us today for a number of great free insolvency advice services.

For more information on free insolvency advice, fill in the contact form below to receive a free quote today.