Frequently Asked Questions
What is insolvency?
Insolvency- The Ultimate Guide In our ultimate guide to insolvency, we look into the basics of being declared insolvent and what the
Frequently Asked Questions
My business is struggling – what should I do?
The earlier you seek advice, the better. The most important thing is to not bury your head in the sand. As a
Frequently Asked Questions
My business looks as if it’s heading towards insolvency – can I take money or assets out of it before it becomes insolvent?
As the director of a company which may be close to being or actually is insolvent, you must be mindful of your
Frequently Asked Questions
What happens whilst my business is “in Administration”?
Administration is an insolvency process by which a company is placed under the control of an insolvency practitioner to enable him to
Frequently Asked Questions
What is a ‘CVA’?
A ‘CVA’ is a Company Voluntary Arrangement with creditors, which allows the business to pay its debts off over a fixed period
Frequently Asked Questions
How likely are my creditors to accept some form of voluntary arrangement?
If your limited company is insolvent, it can use a Company Voluntary Arrangement (CVA) to pay creditors over a fixed period. If
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