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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