Rescue: Administrations and CVAs

Company rescue can be achieved within the framework of the Insolvency Act 1986. One powerful approach is to use the Administration route and the other is to propose a CVA to the creditors. Whilst under the former procedure, control is handed to an Insolvency Practitioner, the CVA allows control to remain with the directors, who are free to develop and manage a strategy for the business going forward.

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