I'm being shafted

[oversteer99]

Long story .. but anyway .. we need to consider appointing administrators. I know that if the directors do this outside the court, they have to write to all "secured" creditors and advise them, and not go ahead if they object. If we apply straight to the court, is this still the case?

I assume it is more beneficial for us to appoint an administrator than the secured creditor? If so, can anyone recommend a good company who can handle matters?

Reason is, we have a "hostile" secure creditor who is making life very difficult for us. I suspect with a bit of reorganisation our business could carry on in some form, but not if the secured creditor gets hold of things (namely because the directors will cease all involvement!).

Cheers for any pointers.

[minimax]

corporate IVA? I believe known as a CVA? google is your friend

[jamesuk28]

Try Kilby fox consulting. They help companies get back on track, and keep the creditors of your back. kilbyfox.com and the guy you want to speak to is Phil Beavan.