Glossary

A Liability is something that you owe to somebody, i.e. a mortgage, loan payment credit/store […]

Joint and Several Liability implies that all members are liable for the partnership debts in […]

An Individual Voluntary Arrangement: Very similar to a company voluntary arrangement. However the IVA is […]

Accountants who look at the business you run for the bank that is lending it […]

When someone is applying for an IVA (see below) they can ask the court to […]

A company that cannot pay its debts as and when they fall due. The company […]