The Debt Survivor

CVA’s

Posted on 15. Dec, 2009 by UK Liquidation.

Company Voluntary Arrangement
There is legislation that enables a company to make a private arrangement with all its unsecured creditors. The CVA (Company Voluntary Arrangement) procedure was introduced by the Insolvency Act 1986 IA86 and is simply a formal mechanism which permits a company, which has debt problems, to reach a [...]

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Administration

Posted on 15. Dec, 2009 by UK Liquidation.

Company Administrationis designed to protect companies from their creditors while a restructuring plan is developed. The type of creditor action that Company administration will stop includes:-
Bailiffs distraining on behalf of rating authorities
Landlords distraint for arrears of rent
Action by Revenue and Customs & Excise to enforce their debt
Following changes to legislation introduced in [...]

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Corporate Debt Solutions

Posted on 15. Dec, 2009 by UK Liquidation.

You could be guilty of wrongful trading without realising it if you are, you could become personally liable for the debts of your Company
If youre a Director of a Limited Company & you have Corporate debts the first thing to appreciate is that you must separate your personal debts from [...]

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