Corporate Insolvency, Finance & Tax Advice for Professionals
Baines and Ernst Corporate can help with:
- Creditors Voluntary Liquidation (CVL)
- Members Voluntary Liquidation
- Compulsory Liquidation
- Administrative Receivership
- LPA Receivership
- Company Voluntary Arrangement (CVA)
"Our goal at Baines & Ernst Corporate is not only to provide intelligent and relevant solutions to clients' financial problems, but to do so with careful consideration, humility and honesty."
– Jonathan Cooper, Director
If you require help then please contact us now. You can use our online contact form or call us now on 0844 704 8907.
Administration is a procedure available to a company that is insolvent. This process places the company under the control of an Insolvency Practitioner and the protection of the court with the following objectives: Creditors are prevented from taking any action against a company whilst it is in administration, except with permission of the courts.
This may become an option if the company was under extreme pressure from creditors and needed to be protected.
Creditor Voluntary Liquidation (CVL)
CVL is when the company ceases trading and liquidates. Any assets are realised and distributed to unsecured creditors.
Company Voluntary Arrangement (CVA)
CVA is when a company proposes to pay back its unsecured creditors over a designated timescale dependent on what the cash flow can afford if its contribution based. The existing company trades on and the proposal is voted in by the unsecured creditors and administer by a licensed insolvency practitioner.