Blog
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informal arrangement
Although not a formal procedure it may be possible to negotiate payment terms for certain debts, most commonly with HM Revenue & Customs.
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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.
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administration
If your company is insolvent, or likely to become insolvent, then it could enter administration.
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personal liability
When a company is facing potential insolvency there is a temptation for a director to enter into certain transactions they would not ordinarily do.
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ccj’s
A creditor may obtain a county court judgment (‘CCJ’) or high court judgment if a company has not
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settled a debt. -
compulsory liquidation
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.
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