What are the advantages of a Deed of Company Arrangement to directors?
There are numerous advantages to directors of entering into a Deed of Company Arragement. These include;
- ending creditor pressure
- avoiding a company being placed into liquidation
- retaining and developing a business with a restored or restructed balance sheet and removal of old debt
- avoidance of possible actions such as insolvent trading claims and voidable transactions
- retention of tax benefits such as carrying forward past losses to apply to future profits
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