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Tuesday, 14 June 2011

Administration followed by a CVA

If a company is threatened by a winding up petition then it may be appropriate to go into administration and then exit the administration via a CVA.  This protects the company from aggressive creditors and then hands back control of the business to directors and allows the company to pay back a proportion of its debts over time.   This process is usually cost effective and is appropriate if it allows a better return to creditors in the long run.
See our new page on administration followed by a CVA

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