The In-house Legal team of Waterstone Insolvency talks about Voluntary Administration (VA), Trends in VA and the usefulness of VA compared to other insolvency options. Voluntary is a type of insolvency procedure for companies facing financial distress if it is insolvent or likely to become insolvent in the near future. The boards of directors can appoint an external administration to help companies, resolve their insolvency problems quickly by deciding on the best course of action. They discuss about how VA works, the difference between VA and liquidation, how and who can commence it, and the problems the companies face in a Voluntary Administration.
If your business is facing financial difficulties. The sooner you take action the more control you will have going forward. Options become progressively limited over time. Book a free consultation today so we can help look at your current options and see if voluntary administration is the appropriate way forward for your business.
Please get in touch with us at enquiries@waterstone.co.nz or call us on 0800 CLOSED or alternatively,
