If a company is insolvent, this solution will allow the company to sell off any remaining assets and wind the company down. Liquidation is a last resort but does provide a way to halt a failing business
Stops any legal action and protects the company from creditors allowing you to find the best possible financial solution available
Recovery plans are the best way to save a business which is struggling from short term financial difficulties. There are two types of recovery plan and neither involves formal legal procedures.
CVA's are a excellent way to save a struggling business by allowing the company to continue trading. Creditors will recieve staggered repayments over a fixed term. During a CVA only a portion of debts will be repaid and all interest frozen giving the company the best possible chance to survive.