COMPANY INSOLVENCIES
There were 4,001 compulsory liquidations and creditors’ voluntary liquidations in total in England and Wales in the third quarter of 2008 (on a seasonally adjusted basis).  This was an increase of 10.5% on the previous quarter and an increase of 26.3% on the same period a year ago.
This was made up of 1,483 compulsory [...]

Company Voluntary Arrangement (CVA)  Enables the management to remain in control of the company. An agreement is made between the company and its creditors either to delay payment or reducing the payment of debts outstanding. An Insolvency Practioner will be appointed, who will review and recommend what proposals will be put to the creditors via [...]

We are getting an increasing number of calls into the help desk from directors whose companies are struggling to trade and pay debts as and when they fall due. For many the solution may be to liquidate the company and start again. The favoured way to do this is via a Creditors Voluntary Liquidation 
Creditors Voluntary Liquidation
Creditors [...]