08 June 2016

Voluntary administration

A voluntary administration offers a collaborative approach to satisfying the company’s debts. It restrains creditors from enforcing their claims during a specified period and can assist a company to trade out of short-term difficulties caused by cash-flow restrictions or one-off financial problems. When appropriate, it can also provide a way to restructure your business. Entering voluntary administration is a process initiated by a company’s directors. We can assist by advising on the pros and cons of this form of insolvency mechanism taking into account the specific circumstances of your business. We can also assist with the procedural requirements associated with initial implementation.

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