Insolvency Practitioners in Plymouth and Cornwall
Liquidation, CVA or Administration — explained for company directors.
The three formal insolvency options available for a Limited Company are set out below.
There are three types of liquidation procedures we offer advice on to Directors: Creditors Voluntary Liquidation, Compulsory Liquidation and Members Voluntary Liquidation. We can explain the pros and cons of each and which is best suited to your circumstances.
→A Company Voluntary Arrangement 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.
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.
Meet with us for free and talk through your options in confidence.
