Currie Young offers straightforward advice to alleviate the stress often felt in situations of financial distress.
An IVA is a formal insolvency process used as an alternative to Bankruptcy.
If you are unable to pay your tax liabilities, you may be able to negotiate a Time to Pay (TTP) arrangement with HMRC – which is designed to assist viable businesses with cash flow issues.
Currie Young can assist with finance for your business having worked closely with numerous providers, helping our clients secure the funding they need.
There are two traditional tests of a business’s insolvency; the ‘Balance Sheet Test’ which is failed if the business’s liabilities are higher than its assets.
Bankruptcy is a formal process usually suitable to an individual who cannot repay their debts within a reasonable period of time.
A DRO (Debt Relief Order) is a formal insolvency process designed to help individuals on a low income with little or no assets.