Solutions to partnership debts

• Interlocking IVAs
  For smaller partnerships, less than 3 or 4 partners, proposing inter-locking IVA’s can offer a simpler and cheaper alternative.
• Partnership Voluntary Arrangement
  Partnership Voluntary Arrangements (“PVA’s”) are largely based on Company Voluntary Arrangements, and are governed by the Insolvent Partnerships Order 1994. 
• Partnership Administration Order
  Partnership Voluntary Arrangements (“PVA’s”) are largely based on Company Voluntary Arrangements, and are governed by the Insolvent Partnerships Order 1994. 
• Partnership Liquidation
  Partnership liquidation is a procedure used to wind up a partnership, as an unregistered company.  In many ways it is identical to the company liquidation process, where a petition is presented to the court to place the partnership into liquidation.