Intensive Care Assignments

Usually involves working with other accountants, directors, business proprietors, etc. to take a business from financial difficulties to financial health.

Informal or unofficial arrangements between debtors and creditors

These represent a very small proportion of cases, as they involve getting all creditors to agree on something other than full payment of their debts, and can be frustrated by only one creditor not agreeing. Therefore they have limited appeal as a general rule.

Deeds of Company Arrangement

A Deed of Company Arrangement (Deed) is put to creditors at the second meeting of creditors following the appointment of a Voluntary Administrator. A Deed can be formulated to suit the needs of each particular case and takes into account the interests of all stakeholders concerned, the debtor company, creditors, and other third parties.

Entering into a Deed can be an alternative to winding up the company, and can allow the company to continue in existence after the terms of the Deed have been complied with.