Partnership Liquidation - FAQ's

Are there any alternative to winding up the partnership?
If the partnership has a future but is being held back by historic debt, a Partnership Voluntary Arrangement or Partnership Administration Order may be appropriate.

If continue trading is not viable, the partners could consider interlocking IVA's or bankruptcy as an alternative to winding up.

 

The Next Step

The options for a financially distressed business need to be very carefully considered. Simply forward your details on our Contact Form and we will contact you. Alternatively ring us on our FREE ADVICE LINE 0800 781 0990.

 

All debt solutions should be very carefully considered. Fees will be charged if a solution is taken in order for us to advise and administer the most appropriate action - all fees will be outlined during your consultation. Retained payment may place you further into arrears. The Business Debt Advisor complies with the Consumer Credit Act and you have the right to a cooling off period of 7 days. It is likely that your ability to obtain further credit in the short term will be affected and this may also be the case over the medium to long term.