Author Archives: Mo Habsi

A creditor has to accept the terms of a business IVA, by calculating the assets of your organization and making a decision based on the financial position. However, your company could get closed down with the financial assets liquidated to repay the debt you owe. When a company is bankrupt, the creditor does not benefit all of the time. They might have to agree to a lower amount in complete satisfaction of the debt. Continue reading →