If the partnership IS VIABLE what are the Go Options?
Below are the options to allow the business to continue trading.
Simultaneous Voluntary Arrangements
- SIMIVA Guide Shows how multiple individual voluntary arrangements can protect the partnership and the partners
Partnership Voluntary Arrangement
- Trade Sale Guide Sell the business to a third party such as an investor or competitor
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Please note that the guide includes updates due to Covid-19 For instance there have been some changes to insolvency legislation that limits creditors actions and relaxes rules regarding wrongful trading. A new 20 day moratorium for distressed businesses has also been introduced.