Insolvency News

Prepack, prepack, prepack

January 29th, 2016 - Are you after a prepack administration? Yes? Well we can definitely help you. But why do you want one? I’d be surprised if you knew and even more surprised if you knew whether it was the best thing for you. Here’s a short sharp summary: Prepack Administration – a pre-arranged deal to sell a business

What does it cost to get a Validation Order?

January 29th, 2016 - How much does it cost to get a validation order is one of the first questions directors want to know. Unfortunately they are often shocked at the level of cost for something that seems unnecessary. The difficulty is that once a validation order is needed, an urgent application must be drafted by specialists to convince

How do I get a Validation Order?

May 22nd, 2015 - You can get a Validation Order by making an application to the Court.  The validation order application can often be made in a court local to you, but not always, however don’t let the location bother you as geography is no longer the barrier it used to be in applying for a validation order or choosing which professional advisers

Validation Orders in Compulsory Liquidation

May 20th, 2015 - A Validation Order allows a company to operate its bank account, dispose of assets, and make payments to creditors without the threat that any transactions will be subsequently overturned.   A Validation Order is obtained through a court application by a specialist Insolvency Solicitor with the aid of a Licensed Insolvency Practitioner, such as Kevin

Company Voluntary Arrangements Frequently Asked Questions

March 27th, 2015 - What is a CVA? A CVA is a Company Voluntary Arrangement. It is a mechanism that allows an entity to reach an acceptable settlement of its liabilities/debts that are too great to allow it to continue outside of a CVA, in other words the entity would close without it.   Does a CVA mean the
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