Voluntary Arrangements
A voluntary arrangement means:
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interest on your debt stops on approval of the scheme
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you bind in small dissenting creditors (less than 25%)
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we negotiate with your creditors
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you know exactly how much you will pay your creditors
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you can continue trading as a professional e.g. solicitor, accountant, chartered surveyor – no professional disqualification
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you can remain as a director of your company
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you do not need to lose your home