Your Options to Help Your Business Out Of the Current Difficulties

The Most Common Forms Of Corporate Insolvency

There are a number of options if your business has financial problems:

• Administration
• Administrative Receivership
• Fixed Charge Receivership
• Company Voluntary Arrangement ('CVA')
• Members Voluntary Liquidation ('MVL')
• Creditors Voluntary Liquidation ('CVL')
• Compulsory Liquidation

Company Voluntary Arrangement ('CVA')

• Has your company or your client's company suffered a bad debt?
• Has there been a change in the industry that has affected your company's profitability, such as a down turn in trade?
• Have you or the directors of your client made a mistake or misjudged projections which have caused the company to make a loss or caused increased cash flow pressure?
• Has your company or your client's company been mismanaged?
• Does your company or your client's company have increasing creditor pressure?
• Have you or your clients received poor advice resulting in financial problems?
• Could you sought out the problems of your company if you were given "breathing space"?
• Does your company or your client's company have historic VAT or PAYE debt?

If the answer to any one of the above is 'YES' and you believe that your company or your client's company has a profitable core business and want to avoid liquidation, receivership etc. there is an alternative: A company voluntary arrangement, or 'CVA'.

Should you wish to know more about this procedure generally and the benefits of promoting a CVA then click here.