The three formal insolvency options available for a Limited Company are:

Solvent & Insolvent Liquidation

There are three types of liquidation procedures we offer advice on to Directors:

  • Creditors Voluntary Liquidation
  • Compulsory Liquidation
  • Members Voluntary Liquidation

We can explain the pros and cons of each procedure and which is best suited to you in the current circumstances.

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Broadly speaking a Company Voluntary Arrangement (“CVA”) is a legally binding contract between the company and its creditors where the owners want to save the business but cannot afford to pay all of the debts due now.

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Neville & Co help the Directors lodge a notice of intention to appoint Administrators with the Court and send notices to any bank or third party with a debenture. Once the notice period has passed licensed Insolvency Practitioners of Neville & Co are appointed Administrators over the company.

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