This is what the administrators at Glasgow Rangers were trying to do. An administration followed by a CVA is a way to exit an administration and continue to trade. It is particularly common in football as it is a way of ensuring that the club can continue in the league as no new license is required as there is no new company. However the mechanism can be used in many other situations. We have created a flowchart to help explain the procedures.
click here for the full flowchart.
Need more explanation or wondering if it could work for you?
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