This mechanism was introduced to save a partnership's business. It allows the partnership to continue to trade while a plan is prepared to achieve one of the following aims:
- To implement a PVA; or
- To ensure that the partnership will survive as a going concern either in whole or in part; or
- To achieve a better realisation of assets than would occur on a winding up.
For further advice and assistance regarding any aspect of the above insolvency procedure, please contact BRI. We will discuss, free of charge, any further implications and alternatives with you. |
