Restore free trade
to your business.
CVA (Company Voluntary Arrangement) is a legally binding agreement, governed by The Insolvency (England and Wales) Rules 2016, between creditors and the debtor (your company), controlled by a Licensed Insolvency Practitioner.* This arrangement is designed to pay and write off company debts in England, Wales, Northern Ireland and Ireland. It only applies if you, as a director, consider your business to be viable, i.e. generating turnover and income, but you have a problem with older debts, the amount or repayment terms of which are disrupting your business.
*Licensed Insolvency Practitioner (IP). This is a person who is licensed and authorised to act for an insolvent individual, partnership or company. Most IPs are accountants or insolvency practitioners working in accountancy firms. The IP must be licensed, have passed an insolvency examination (JIEB). Professional experience in bankruptcy is also necessary. IPs must comply with the law and their work is monitored by regulators.
BENEFITS
WHAT YOU NEED TO BEAR IN MIND
UK DEBTBUSTERS PL LTD always maintains due diligence towards clients, their personal data, and does not hold money of indebted persons.
The company carries out its objectives responsibly and carefully towards the entities with which cooperation agreements have been concluded. Therefore, every debtor seeking help, by contacting us, receives full information of the various options that may help such a person to get out of a debt situation. In accordance with your region of residence, within the United Kingdom. We provide verbal and written information in cooperation with a Licensed Insolvency Practitioner or Debt Counsellor about these solutions, in order for the debtor to make the best decision for him.
The final decision is made by the debtor, based on the material provided to them and the advice and consultation from the Licensed Insolvency Practitioner or Debt Counsellor.