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Can a company reach an agreement with its creditors to enable it to continue to trade?

April 26, 2017Agreement COMPANY Continue Creditors enable REACH Trade

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Can a company reach an agreement with its creditors to enable it to continue to trade?

1 Answer

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Yes. The most effective way to achieve this is by the directors proposing a Company Voluntary Arrangement, whereby they will utilise the income and assets of the company to settle its liabilities.