If your company is under serious pressure, but should the historic debt be removed, the business remains viable, then a Company Voluntary Arrangement (CVA) could be the answer How Does a Company Voluntary Arrangement Work

As small to medium sized companies continue to face financial trouble, business owners should be aware of the different solutions available to offer company debt rescue Small to medium sized businesses continue to be under significant financial pressure due to the general economic slowdown and the difficulty of obtaining credit

Running a business that is not a limited company means you are classed as self employed This is true whether you employ a number of staff or are a sole trader on your own

Is your business in financial trouble, unable to pay its debt and facing probably closure This is precisely the situation that a Company Voluntary Arrangement (CVA) was designed for - it is designed to rescue a business where it is unable to pay its debts and is facing closure

For those with a personal debt problem bankruptcy can be a very effective solution If you run a company either as a director or sole trader this could have implications for you

Pre pack administration (or Phoenixing) is becoming more and more popular as a way of rescuing a failing company The process involves setting up a new limited company which then buys the assets of the old business

There is an old saying "revenue is vanity, profit is sanity and cash is king" When businesses are fighting for their survival during and after a recession this proverb is very true

If a limited company is wound up, the directors could be liable for its debts if they have allowed the business to trade while it was insolvent Winding up is the forced closure of a company

If your company is in financial difficulty and you are looking for ways of preserving investment cash, a company voluntary arrangement could be a cheaper rescue solution than pre pack administration When a limited company is facing financial difficulty, two of the rescue options which are often considered are a company voluntary arrangement (CVA) and a pre-pack administration

As the economy begins a fragile recovery, winding up petitions will continue to be used as a method of debt collection However, the cost of issuing a winding up order is often considerable Despite the recent figures suggesting that the British economy moved out of recession in the last quarter of 2009, there are very few who believe that the recovery will not be long and difficult