Company Voluntary Arrangement (CVA)
COMPANY VOLUNTARY ARRANGEMENT - is the answer!
If your company is insolvent, but still has a viable core business, you DO NOT have to liquidate.
Directors, you do not have to concern yourself with the Department of Trade and Industry (DTI) investigating into your conduct.
Avoid Phoenixism, which is frowned upon by creditors.
No staff redundancies, and you get a second chance.
A well planned proposal for
a Company Voluntary Arrangement can save the goodwill and
business of your company which you have spent years building up.
Creditors are invited to vote upon the arrangement, and if 75% accepts,
then it is binding on all creditors.
Imagine writing off 80% of your company's debts. How much would that improve your cashflow.
Call free now to speak to one of our Company Voluntary Arrangement specialists.