Are you or your business in financial difficulty? Are you at risk of losing it all, and more on top of that? If so, then you need to speak with an insolvency lawyer fast. Once a business is insolvent then there laws to make sure that the correct people are paid first and to protect the business whilst it examines any corporate recovery options. A business may be weighed down by long term debt but operating at a day-to-day profit which is when going into administration may allow the business to be saved, and if not then the quicker it goes into liquidation then the less new debt it is building up. Personal insolvency solicitors can also help with bankruptcy which is where an individual ends up with more debt than they can pay.