Tag Archives: Iva
‘Secret Millionaire’ faces Bankruptcy hearing
Posted on 16. Dec, 2009 by Liquid Your Company.
CASH strapped `secret millionaire Chek Whyte has failed to reach an
agreement with creditors and is still facing personal bankruptcy.
An Individual Voluntary Arrangement was thwarted by HM Revenue & Customs, which is owed 1.2m and refused to agree the deal.
Now Mr Whyte, who has debts of 33m, faces a bankruptcy hearing brought by one of his [...]
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About Paul Johnson
Posted on 16. Dec, 2009 by Liquid Your Company.
Dont let thishappen to you
Personal Experience of Debt:
3 years ago, I had 2 successful businesses and a 1.2million property portfolio but I also had 140k of personal & business debt. So I entered into an IVA, but I chose the wrong advisors. The IVA failed, my debt increased to approx 400k & the Insolvency practitioner [...]
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Pre Pack Administration
Posted on 16. Dec, 2009 by Liquid Your Company.
If your Company is in serious debt, there is a powerful, legal way of solving your problems that would result in selling your business on to a third party, which can be a totally new Company a newco or to the existing directors.
The name for this solution is pre pack administration.
The [...]
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CVA’s
Posted on 15. Dec, 2009 by Liquid Your Company.
Company Voluntary Arrangement
There is legislation that enables a company to make a private arrangement with all its unsecured creditors. The CVA (Company Voluntary Arrangement) procedure was introduced by the Insolvency Act 1986 IA86 and is simply a formal mechanism which permits a company, which has debt problems, to reach a [...]
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Corporate Debt Solutions
Posted on 15. Dec, 2009 by Liquid Your Company.
You could be guilty of wrongful trading without realising it if you are, you could become personally liable for the debts of your Company
If youre a Director of a Limited Company & you have Corporate debts the first thing to appreciate is that you must separate your personal debts from [...]
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