Need advice on a tricky situation. My property company looks like we're insolvent. We rent out real-estate. We are looking for advice on how to proceed. Creditors are: - Business rates: £35k (Backdated yearly bills for around 3 years for a property) - PAYE: £10k - A landlord £10k - We're also tied into a mega contract with a telecomms provider, worth around £15k if it can't be switch to the new property owners once we've left. The company has no assets as all of the agreements we have are short term lease agreements. Fittings inside the properties are virtually all property of the sub-tenants. We do have £30k tied up in a deposit on one property. - But how would we get this back, surely the LL will retain it once we start the insolvency process? Can anyone advise on what can be done with the business rates bills? Is it possible to retain any of the properties that we have with a new company going forward? Any help would be much appreciated.