In times of financial difficulties
Corporate Recovery and Insolvency terminology
Partnership Voluntary Arrangements (“PVA”)
PVA’s are available to partnership in the same way that CVA’s are to companies.
The advantage to the partners is that they may be able to remain in business and may avoid the stigma of bankruptcy. The advantage to the creditors is that they generally receive a higher dividend than in bankruptcy. An IVA may also be appropriate for individual members of the partnership and indeed all partners can enter into separate Voluntary Arrangements with their creditors.
The team is experienced in:
- Rescues and turnaround
- Restructuring and administrations
- Voluntary arrangements and liquidations
- Debt negotiations
- Crisis management
- Personal insolvencies including IVAs
- Your options (the terminology) explained
John Alexander
provides practical and value-preserving solutions. He is sought by businesses, individuals, the media and those on the lecture circuit.
d: 44 (0)20 7309 3827
e: john.alexander@cbw.co.uk
Carl Bowles
Director, Carter Backer Winter LLP
d: +44(0)20 7309 3930
e: carl.bowles@cbw.co.uk
Melvyn Carter
Partner, Carter Backer Winter LLP
d: +44(0)20 7309 3828
e: melvyn.carter@cbw.co.uk
Robin Davis
Partner, Carter Backer Winter LLP
d: +44(0)20 7309 3896
e: robin.davis@cbw.co.uk
