At Business Debt Advice we can assess your financial situation, your business and your debts to see if we can help you with one of our insolvency solutions.
If you own a limited company and need help with business debts or need assistance with managing your personal or commercial financial situation, then get in touch to see if we can help.
Click on the Limited Company Debt Solutions links below for more information on what help is available to you.
AdministrationWhen a company gets into financial trouble an administrator may be appointed to help the company through the difficult times and start trading again if possible. |
CVAA Company Voluntary Arrangement (CVA) is an insolvency procedure which allows a financially troubled company to reach a legally binding agreement with its creditors. |
LiquidationLiquidation usually means, the company’s trading stop and its assets are turned into cash or “liquidated”. All other possible liabilities, like employment or renting are stopped. |
ReceivershipWhen a company borrows money from a bank on an overdraft or loan, it will be common for the bank to ask for a security (debenture) against such a loan. |