Just a quick note to say a big thank you to all the staff at KSA, our CVA was passed today by creditors voting in an overwhelming number including HMRC to accept the proposal as prepared by KSA.
The road to reach today’s conclusion has been bumpy, but at each stage your team has supported and guided us through the issues and we have reached a very satisfactory outcome to the benefit of customers, staff, all creditors and shareholders.
Guides
A guide for redundant employees in insolvency situations
I've been made redundant due to my employer entering CVA, receivership,...
Warning Signs of a Struggling or Insolvent Business
If you can recognise too many of the following warning signs then it is likely...
How Does Retention of Title Work and What Happens in Insolvency?
A Retention of Title Clause allows ownership of any good within the contract of...
What is a Phoenix Company And How Do They Work?
A phoenix company is a new company that rises "from the ashes" of a previous...
How Can I Liquidate My Company?
When you liquidate your company, this means it is officially closed with all...
Overdrawn Director's Loan Accounts in Insolvency
An Overdrawn Director's Loan Account occurs when a director owes the company...
How to remove a CCJ from my Company
When a creditor is not paid they may seek to get a County Court Judgement (CCJ),...
Glossary of Insolvency Terms
We have introduced a glossary of some of the terms used on the main website....
How can I legally take money out of my limited company?
When you set up your limited company, you may think you can dip into your...
Joint and Several Liability in Partnerships
Joint and several liability implies that all members are liable for the...
Personal Guarantee Insurance (PGI) What is it?
Personal Guarantee Insurance helps out those who have signed a personal...
Can A Director Become Personally Liable For The Company Debt?
Generally a director is not liable for their company's debts unless they have...