
Personal debt? Visit our dedicated debt help site >>
Partnership Solutions Home
Interlocking IVAs
Partnership Liquidations
Partnership Administration Orders
Partnership Voluntary Arrangements
PVA & Individual IVAs
This procedure is designed to protect partnerships from creditor action while a restructuring or sale plan is developed.
Following changes to legislation introduced in September 2003, the administration procedure is now streamlined which has resulted in reduced costs and better returns to creditors. An Administrator can be appointed by filing documents at court and with a few exceptions, the administration must be concluded within a year.