A Company CVA is a topic reserved for the Boardroom table. The process is not one to be taken lightly.
The easiest way to decide whether to proceed with a company CVA is to examine what other options there are available.
So often, directors are too quick to dismiss a Company Voluntary Arrangement as the best option when they haven’t even considered the alternative in the belief that the solution would be to carry on trading.
If a director knows that the unsecured creditors can’t be paid when the bills are due and the unsecured debts total more than £20,000 and there are no available assets to sell, then a company Cva might just be the best way forward.
Call TaxGone on 01302 815846 to find out.
TaxGone - Company Voluntary Arrangement - CVA Specialists
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