Editor | 9 March 2016

Cloud Accountant are Expanding

Cloud Accountant are delighted to announce that we have made a successful appointment for the position of our own in-house Insolvency Practitioner. The new Corporate Rescue and Personal Insolvency Department will launch 18th April 2016.

Our new Insolvency department will be able to:

  • Perform corporate rescue work to ensure businesses can manage their debts. A Company Voluntary Arrangement (CVA) is a legally binding agreement between a business and its creditors.
  • Propose & Administer Individual Voluntary Arrangements (IVAs) for individuals who are struggling with 3 or more unsecured debts and who do not have sufficient income or assets to repay them in full.

Miles Grady, a partner at Cloud Accountant stated:

“Debt Problems can be worrying for individuals and businesses and especially for Company Directors who have signed a Personal Guarantee in obtaining finance for their business. The good news is there are approved solutions available.

“With our help a legally binding agreement can be reached to make your existing debts affordable without the need for bankruptcy/company liquidation. Creditors can also agree to write-off part of your debt. A CVA or IVA means both parties can get a resolution they are happy with”.

Cloud Accountant are contactable on 0808 281 0303 or email: team@cloudaccountant.co.uk