Insolvency means inability to pay debt on the right time by any company. There are basically two types of insolvency they are:

• cash flow insolvency
• balance sheet insolvency

In cash flow insolvency the situation is where a company is unable to pay off its debt. And in case of balance sheet insolvency if a business holds illiquid assets upon a short term loan. However, insolvency is not a symptom of bankruptcy. If a business is running on insolvency then the business can be put in to liquidation. The directors and the share holders can instigate the liquidation without the involvement of the court. It can be a civil or criminal offence against the directors if they allow the business to continue whilst insolvent.

BCI provides a well qualified team of insolvency practitioner services for dealing cases related to insolvency. The team has skillful practitioners who are ready to provide insolvency practitioners services with utmost client’s satisfaction. At BCI the practitioners are ready to resolve issues related to a sole trader, partnership, LLP or a PLC, or an individual. The skilled practitioners are well experienced in handling recovery services to secure a business recovery. It does not matter that how much small is the business, at BCI all clients whether their business is small or big; equal attention is paid towards all the clients. You can also take help of their online insolvency services.

BC Insolvency offer services related to business recovery and financial turnout solutions. All the consultants have many years of experience within the industry and they give proper advice to the clients. The primary services that BCI provides for commercial industries are:

Income Tax Return
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• Strategic Advice
• Optimised Exit Solutions
• Business Turnaround
• Solvent Reconstructions
• Referral service for Formal Insolvency Arrangements

For more information you can always contact BCI for more detail.