Going into a Company Voluntary Arrangement is easy.
Not going into a CVA when it is the best option is like running a never ending marathon.
Some directors do make that decision – they would rather trade on with the debts than start the process of going into a CVA.
Trading on when the company is in financial trouble nearly always ends up with the company in a zero cash flow position and is then prevented from going into a CVA and instead, ends up in liquidation.
Sometimes it’s the fear of the unknown that makes directors resistant from going into a CVA, which is totally understandable.
Struggling on has often been a way of life for many business owners and that’s a hard habit to break, especially when control is an illusion.
Call TaxGone on: 01302 815846 and we can show you how to break the debt cycle.
TaxGone - Company Voluntary Arrangement - CVA Specialists
from TaxGone http://ift.tt/1NlqKTp
via IFTTT
No comments:
Post a Comment