Sole Trader (Soletrader) Insolvency Services

Economic or market conditions are often held out as the cause of business difficulties. They may be part of the key factors but many individual reasons can lead to a business needing to use an insolvency procedure.  Sole Traders (Soletraders) face their own unique pressures and it's our experience in dealing with these matters that sets us apart.

Insolvency options for Sole Traders have a variety of uses.  Court protection from a creditor's enforcement action can be obtained buying time for restructuring of a business and its finances.

All insolvency procedures require the involvement of Licensed Insolvency Practitioners.  Of particular relevance to Sole Traders is a Busines IVA ("Individual Voluntary Arrangement"), the flexibility of this structure lends itself well to the wide variety of Sole Trader operating styles.

F A Simms & Partners Ltd can advise on all aspects of insolvency procedures from planning to implementation.

Whatever your unique circumstances, we can offer commercial and professional advice.