Written by CRG Insolvency
Creditors Voluntary Arrangement is an option that has started to become more popular of late. Many businesses have started off with a strong core idea , have diversified over the years and found themselves in financial difficulty.
If this core business could still be profitable, it may be still able to trade by setting up a new company.
The business is valued by an independent third company to remove any doubt of under valuing before any assets are moved into the new company.