Corporate Recovery & Insolvency Services Beneby & Company has extensive experience in Corporate Recovery & Insolvency Services. We have provided services to a variety of businesses and industries such as banking, insurance, surety, mutual fund company and it's management company, investment; retailers; wholesalers; construction firm; fast food restaurant, real estate companies and a hotel. We provide the following services: Corporate reorganization-Beneby & Company assist clients in distress by seeking alternative financing or refinancing options, private equity financing and divesting some assets of the business. Beneby & Company also provides Receivership services, allowing a business the opportunity to possibly reorganize itself by appointing a Receiver to collect its receipts and to pay its creditors.    Alternatively, a distress client can appoint Beneby & Company to be its Receiver and Manager with broader powers to manage the business and sell its assets, to meet the claims of secured creditors.  Once secured creditors are paid, if there are any assets left, the owners can continue to operate the business.   Beneby & Company  provides Liquidation services where a business is unable to pay its debts.   The winding up of a company is generally initiated by either or both of the following reasons:   To ensure a just distribution of its assets; and   To terminate its existence by its eventual dissolution.   Insolvent Liquidations   Usually in an Insolvent Liquidation, there are many hostile creditors and legal actions are being pursued against the business, it is preferred that the Liquidator be Court Appointed.  A lot of resources are used to pay attorneys, agents and liquidator's costs due to extensive litigation.  Our fees are billed on a time spent basis, plus out of pocket costs, as approved by the Supreme Court of the Commonwealth of The Bahamas.    Insolvencies where there are significant fixed assets such as real estate, ships, aircrafts, oil refineries, and may involve different jurisdictions and require significant effort to convert these assets into cash, are usually billed on a time spent, plus out of pocket costs.     Insolvencies where fraud is suspected and special investigations have to be performed to trace and recover assets, which may be located in different jurisdictions, and require significant effort to convert these assets into cash, are usually billed on a time spent, plus out of pocket costs. Insolvencies where there is significant litigation which may also involve different jurisdictions, and require significant effort to convert these assets into cash, are usually billed on a time spent, plus out of pocket costs.   Solvent Voluntary Liquidation A company that wants to liquidate voluntarily because the purpose for which it was formed is no longer needed and it has no or a few creditors and no hostile legal actions against it, could be liquidated quickly and with minimum cost.   Our fees are usually billed on time spent, based upon the hourly rate of the employees assigned to your engagement, plus out-of pocket costs.  These files are virus free and are safe to download.   Call or email us today at 242-341-5475 or benebyandcompany@coralwave.com. Below you can review a Power Point Speech by Jeffrey Beneby, on Corporate Recovery & Insolvency Services, made at the recent Accountants Week Conference of The Bahamas Institute of Chartered Accountants. This will take a few minutes, so please be patient and follow the two prompts to open the file before you review the slides. If you are using a wireless network, it is recommended that you download these files from a computer directly connected to the wireless router. Corporate Recovery & Insolvency Speech to The Bahamas Institute of Chartered Accountants