Alternatives such as the Individual Voluntary Arrangement scheme should also be considered. If you are declared bankrupt, your debts will be cleared, and your assets shared out among your creditors, leaving you with a clean slate, …
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A guide to bankruptcy Article
Chek's £30m debt Manchester Evening News … afforded to a limited company by administration, receivership or liquidation and is exploring the possibility of an individual voluntary arrangement . … Troubled tycoon Whyte outlines deal for creditors This is Nottingham all 3 news articles »
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Chek's £30m debt - Manchester Evening News
This Act saw the creation of the Individual Voluntary Arrangement (IVA) as a more humane, but no less robust, alternative to bankruptcy, and which also allow proportional repayments of the debt to creditors over five years. …
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IVA Questions and Answers