The CVA process is the best way to deal with company debt, winding up petitions, county court judgements (CCJ’s), bailiff action and the threat of court action as long as there is sufficient debt to deal with. There is no other insolvency procedure that keeps the director in control and the company intact. We believe in the CVA solution.
Some directors are often wrongly advised that re-financing, fast loans, re-mortgages, factoring, invoice discounting or asset lease-back will solve their cash-flow shortage. In most cases it will not!
If HM Revenue and Customs, the new name for tax and VAT (Inland Revenue and Customs and Excise) are threatening action to collect their money, or trade creditors, or maybe even your bank are shouting at you, it is often tempting to remove the stress by liquidating hard earned assets to repay the debt. Don't Do It!
A CVA allows a company to retain its assets and to write off a large percentage of debt. You are in business to make money, so why give it away? Why re-mortgage your house to fund company debt? Your accountant, solicitor or bank may advise you to take on further debt – but we wouldn’t. Some Insolvency Practitioners advise liquidation or administration – we rarely do.
Debtsgone is unique because we believe in rescuing business. That is why we are very good at saving more businesses than our competitors through the CVA process in conjunction with our proven experience. If your business is worth the cost of a call, then pick up the phone and dial 01302 321200 and save your business today.
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