Although not a formal procedure it may be possible to negotiate payment terms for certain debts, most commonly with HM Revenue & Customs.Read more
company voluntary arrangement
A company voluntary arrangement, often referred to as a CVA, allows the directors of a company to put forward a proposal to the company and its creditors.Read more
If your company is insolvent, or likely to become insolvent, then it could enter administration.Read more
When a company is facing potential insolvency there is a temptation for a director to enter into certain transactions they would not ordinarily do.Read more
A creditor may obtain a county court judgment (‘CCJ’) or high court judgment if a company has notRead more
settled a debt.
Compulsory liquidation (or ‘winding up’) is, in most instances, instigated by a creditor of the company, by issuing a winding up petition in court for payment of an unsatisfied debt.Read more