Company Voluntary Arrangements
This is a process where a proposal is put to the company’s creditors and if 75% of the value of those who vote are in favour of the proposal then all of the company’s unsecured debt is rolled into the arrangement. Normally the company will then pay a monthly amount for a period of 5 years to satisfy the debt in full. More often than not the total amount paid is less than the total amount owed.
This can be a very effective solution and avoids the company going into any form of liquidation. Therefore it continues as a going concern and its trading position need not be effected.
Often the voluntary arrangement includes the appointment of a company Administrator and therefore often people associate this process with Administration.
Client Testimonials
"It just goes for me to say thank you for your help and assistance and especially the advice in this matter and should A2Z have the need for similar services. We will certainly consider Banner Jones first " - A2Z computers, London
"If in future I need legal advice my preference will be with Banner Jones after such great service" - Mr Kingston
"The receptionist staff on both days we visited your office were extremely friendly and the whole experience of dealing with Banner Jones was wonderful" - T Howard
"All though you are now part of Banner-Jones, to me you are still Glossops, and the service we receive is part of why we have been with you for so many years." - Mr T Pass
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