Frequently Asked
Questions
Why should I choose to instruct
O’Hara & Co as opposed to another firm of Licensed
Insolvency Practitioners?
O’Hara & Co are totally independent, pragmatic,
yet understanding to the problems faced by businesses and
individuals alike. The Practice offers a cost effective, Partner
led service and are specialists in their field.
Who will I meet from O’Hara &
Co?
A Partner from O’Hara & Co, either Peter or Simon
will be available to have an initial meeting with
you.
How much will it cost?
The initial consultation is free and with
no obligation to yourself.
Are you Accountants?
No, we are Insolvency Practitioners concentrating on insolvency
and recovery work.
I want to liquidate my Company but there
are no assets - who pays your bill?
A fixed fee will be agreed with the Directors of the Company
or alternatively the ramifications of Compulsory Liquidation
will be explained to them.
If I go personally bankrupt will I lose
my house?
Hopefully not. Normally subject to your co-operation, arrangements
can be made with your Trustee to obtain a re-mortgage.
I have received a mail shot from some
“Ambulance chasers” who say they will look after
me. Should I speak to them?
No, contact a Licensed Insolvency Practitioner. If they are
unlicensed they will be unable to act in a formal insolvency
role but will probably demand an upfront fee and then introduce
you to an Insolvency Practitioner, who in turn will charge
an additional fee.
Can you wind up a Company in London?
Yes, whilst the majority of work undertaken is in Yorkshire,
the partners frequently take appointments throughout England
and Wales. The creditors’ meeting will be held wherever
is most convenient for the creditors, usually in the vicinity
of where the Company previously traded.
A Firm we deal with has gone bust
and the creditors’ meeting is next week. Will you represent
me?
Yes. The Practice frequently represents creditors at meetings
convened by other Insolvency Practitioners, free of
charge.
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