We will work with you to conduct a review of your current situation, free of charge.

When your business is potentially viable

If the investigation we will conduct, free of charge, shows your business is potentially viable, your options will be one of the following:

Informal arrangements
Made between debtor and creditor, not involving the use of formal processes, like court judgements, CVA’s or liquidations for example.
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We can help you by analysing your requirements, preparing a business plan, including budget & cash-flow and introducing you to potential lenders. 
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Individual voluntary arrangement (IVA) or a SIMIVA
An IVA for Individual partners or a SIMIVA (or interlocking IVA’s) for all the partners.
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Partnership voluntary arrangement (PVA)
A PVA is a powerful tool (similar to a CVA) for the restructuring of a business. 
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When your business is not viable

If the investigation shows your business is not viable, your options will be one of the following:

Winding up of the partnership
Where the Partners have decided that the Partnership is no longer viable, then a decision may be made to cease trading and Wind Up the Partnership.
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Bankruptcy is one way of dealing with debts you cannot pay, so that you can make a fresh start. But, depending on your particular situation it might not be your best option.
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If the Partnership has limited liability protection (LLP) the corporate solutions apply, with some minor changes depending on various partners’ status (general or limited).

Either way, act now and get professional advice for free from 4Squared.

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Every effort is made to ensure that information contained on this website is accurate and up-to-date.
It should be noted, however, that this information is subject to change without notice and that 4Squared
can accept no liability for the accuracy of all the information presented at any given time.