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.
What is ...?
The world of insolvency is a complex blend of law and financial terms which can be confusing for the layman. Many people are simply asking questions about how they may be affected by an insolvency event. Perhaps a supplier has told you that they have gone into liquidation or administration, you have received a letter through the post as your business is in debt and the HMRC are threatening to take action against you. It might simply be the case that a beloved brand has gone into administration or even a football club.
In these guides we aim to answer typical questions like "what is a validation order", "what is directors disqualification.