Are you sure you want company voluntary arrangement solution?
Company voluntary arrangement is a rescue plan on itself. It is almost guaranteed to work. However, you should make some informed decisions. This means that you should know what you want to achieve through the process. This will keep you focused. You should avoid instances whereby you are not on the right track towards your goals. Situations which make you misuse the capital are a no, no. It might slow the recovery process or even stall it completely.
Make sure you know what you are up to petition for the company voluntary arrangement. Even though the creditors can support the company, the buck stops with the management. You must know the elements of a good presentation that can get the attention of the debtors. You must convince them that you have a strong turnaround plan that will make the business better. To achieve this, start pursuing this process immediately you spot a financial problem in your company.