Feeling trapped by your business debts can be soul destroying, a business is supposed to increase an owners net income not reduce life expectancy. However, when company debt problems arise this is often what happens.
If directors become more aware of the huge benefits of Company Voluntary Arrangements, the numbers would triple in a year. Any company with a cash flow problem has the potential to be rescued by a Company Voluntary Arrangement.
If your company has a viable future, but current cash flow problems have resulted in mounting pressure from creditors, then a Company Voluntary Arrangement could be just what you need.
Its a low cost insolvency solution that saves businesses and as the company is not closed, the directors are not subject to a liquidator’s investigation into whether they allowed the business to trade on whilst insolvent.
Speak to TaxGone today about the benefits of a Company Voluntary Arrangement and if it’s the right solution for your company debt problems.