CSEJ - Company Insolvency

We can arrange and support you through a variety of formal and informal insolvency procedures, including:

Company Voluntary Arrangement (CVA)

If your company has a viable future and you wish to continue trading and retain control of your company, this agreement with your creditors will enable you to make monthly payments in full and final settlement of your company's debts and focus on moving the company forward. The agreement is legally binding and usually results in creditors receiving between 25% and 100% of money owed to them over an extended time period with interest charges frozen.

Administration/Administrative Receivership

This procedure is designed to protect companies from their creditors whilst a rescue plan is developed for the company. The principal aim is to save the company as a going concern and/or improve the likely return for a company's creditors.

Creditors’ Voluntary Liquidation (CVL)

Often the last resort for a company that is insolvent and unable to continue trading. Meeting with the company's creditors and shareholders to agree to the appointment of a liquidator to realise the assets of the company and make payments to creditors from surplus funds after the costs of liquidation.

Compulsory Liquidation

An order of the court to appoint a liquidator and wind up a company following a Winding-Up petition by a creditor. A Winding Up order stops a company from trading and triggers an investigation into the affairs of the company by the Official Receiver.