Administration is a well known insolvency procedure. A Pre-Pack Administration is best option available if you want to take company as going concern; It allows for the company in question to carry on trading under the supervision of the appointed Administrators.

Their supervision will help the company restructure in order to trade out of their debts and into a profitable future.
CVAs involve arrangements being made between administrators and creditors, based on proposals made by the creditors.
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In most circumstances, Liquidation is the most suited, and will indeed be the cheapest, procedure to write-off all debt, and yet allow your business to continue to trade, via a new, debt free company. Voluntary Liquidation is a cost effective means to finalise a company's affairs where unreasonable financial problems exist. If you are considering company liquidation, contact us today for an honest discussion about your business and some hands-on solutions which can help to resolve your financial problems.

A company voluntary arrangement (CVA) allows financially troubled companies to negotiate a legally binding agreement with its creditors. This scheme of arrangement can be used alongside other insolvency procedures, such as administration. CVAs involve arrangements being made between administrators and creditors, based on proposals made by the creditors.

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