Winning With A Company Voluntary Arrangement
by Ken Greenworth, 18/10/2012 | Permalink | Email this
It’s easy to watch a triathlon – imagine doing one!
It’s an event that is being promoted as being for seven to seventy year olds. Imagine if we had that at the UK Olympics – we’d still be watching people troupe into the stadium for the opening ceremony.
Sometimes watching from the sidelines can be just as rewarding as competing. Knowing what you are good at and more to the point, knowing what to stay clear of, is very important in business.
Many directors when facing a Winding up Petition, try to get too involved and in doing so can harm their chances of survival. There is a great difference from being proactive to diving in with both feet.
One of the best ways to deal with a Winding up Petition if a company is struggling with historic debts is to propose a Company Voluntary Arrangement, as in most cases a Court will Adjourn the Winding up Petition, pending the outcome of the CVA Creditors Meeting.
A cash-flow problem need not become a triathlon!
Find out more about a Company Voluntary Arrangement – CVA today call us on: 01302 815846.
Categories: Blog, Cash Flow, CVA - Company Voluntary Arrangement, Winding up Petition
Tags: 7 Day Letter, Adjourn, Adjournment of a Petition, Bailiff Visit, C.V.A, Cash Flow Problem, Company Debt Help, Company Insolvency, Company Voluntary Arrangement, Company Voluntary Arrangements, CVA, CVA's, Help With Tax Debt, Letter From Court, Payment Plans, Petition, Threat of Winding Up, Voluntary Arrangement, What Is A Company Voluntary Arrangement, What Is A CVA, winding up, Winding up Letter, Winding up Petition, Winning With A Company Voluntary Arrangement, WUP
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