Restructuring Companies by a Voluntary Administration

A Voluntary Administration

This page describes a formal insolvency administration. However if you wish to consider an informal administration click here.

A Voluntary Administration ("VA") can provide one or more of the following options to negotiate your preferred outcome:

Options for Businesses

  • Keeping a business trading under existing ownership

  • Selling the Business

  • Reaching a formal compromise of amounts owing with all Creditors

  • Returning the Company quickly to your control totally free of Creditors Claims

  • Ability to Raise Fresh Finance or Equity

Benefits of a Moratorium

A VA "freezes most creditor claims for a short period whilst a proposal for a binding settlement is formulated and later approved or rejected by creditors. This settlement is known as a Deed of Company Arrangement.

If a compromise can't be agreed then the company will usually then enter liquidation.

What to do Next

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