Struggling to pay your creditors? Facing a cashflow crisis? It is just this sort of situation where a CVA (Company Voluntary Arrangement) might be used to keep your business going and bring it back onto a sound footing.
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The involvement in a company’s affairs of the ‘bankruptcy companies’ run by insolvency practitioners (or ‘IPs’) is often feared by businesses and their owners as the beginning of the end. But in fact some of the Insolvency Act’s procedures are designed to help businesses in difficulty. This article describes the main insolvency process and when [...]
Where your own business gets into financial trouble, being self employed you are personally responsible for the outstanding debt. Not being a limited company corporate rescue solutions are not available – so we look at the personal debt solutions available to solve the crisis and keep you trading.
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Nortel retirees welcome Ontario pension rescue
(In U.S. dollars unless noted)
Read more on Reuters via Yahoo! Asia News
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