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If your creditors are threatening legal action to recover their debts, but you feel that the company has a sound core business, then Administration may be a way to protect your business and prevent it going into liquidation.
If you are facing threats of legal action from creditors over unpaid debts, or you want to windup your business, release funds and move on, liquidation may be the best – or only – solution for your company.
If your business is struggling but has the potential to become profitable again, a Company Voluntary Arrangement (CVA) could give you the time and space you need to turn the business around without fear of legal action from your creditors.
If you are an individual or sole trader, and you are struggling to meet your financial obligations, bankruptcy doesn’t have to be the only option. An Individual Voluntary Arrangement (IVA) can help you avoid bankruptcy, turn your finances around and get back on track.