dataplan payroll services

Jargon Buster

What is Liquidation? In Short - Liquidation is the process of dissolving a company / business. This involves utilising any assets to pay creditors.

What is Pre Pack Administration?

Tuesday, 25 April 2017 07:09
Pre Pack Administration is an arrangement in which the business and its assets are sold prior to an administration.

What Is Creditors Voluntary Arrangement?

Tuesday, 25 April 2017 07:08
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.

What Is Bankruptcy?

Tuesday, 25 April 2017 07:06
You can only be made bankrupt by an order of the court. This happens when you yourself or usually a creditor, makes an application to court.

What Is An Administration Order?

Tuesday, 25 April 2017 07:03
If you’re total debts are no more than £5000 and one of your creditors has obtained a County Court Judgement against you, the court, on your application may make an administration order.
This is a good alternative to bankruptcy. You enter into a legally binding agreement with your creditors (people you owe money to), which enable any debts to be frozen and no further added interest on those debts.

The start of your journey out of debt starts with a free confidential consultation.

There is no obligation or upfront costs, just a friendly advisor who can take you through your options.

Ask A Question
Free Consultation