Voluntary liquidation (CVL) and voluntary administration (VA) have a range of pros and cons, relative to each other. Here, Ben Sewell discusses the advantages of voluntary administration, including the ability to turn around the business, director initiation and the breathing space it provides to directors.
Ben Sewell looks at the pros and cons of each option for struggling businesses. This is a good primer for SME directors and their advisers.
Read the full text here.