Administrative Receivership
Administrative Receivership is a procedure that can only be instigated by a secured creditor with a valid floating charge over the assets of the company. This is usually the companys bank.
The charge must have been created prior to 15 September 2003. With a few exceptions, secured creditors with charges created after [...]
CVA’s
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 [...]
Administration
Administrative Receivership
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 [...]
Corporate Debt Solutions
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 [...]
