In February 2008 we were appointed to act as Nominee in drawing up an IVA proposal for an accountant, who would not have been able to continue practicing as an accountant if declared bankrupt. A proposal was drawn up which included a the debtor making voluntary contributions from his ongoing income.
The outcome for creditors was therefore much better than it would have been in a bankruptcy scenario and therefore the proposal was accepted. The duration of the IVA was 5 years and it was successfully concluded with a substantial return of funds to the creditors. The debtor was able to continue to practice throughout the period of the IVA and afterwards.
Byrne Associates supported Littlefuse Inc with the solvent liquidation of its UK subsidiary. All matters were handled in a professional manner, including dealing with tax authorities, creditors and directors. I would be happy to recommend this family run firm of licensed Insolvency PractitionersAlan Phillips (Littlefuse Inc )
25 April 2016
22 March 2016
20 January 2016
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