ADVICE & SOLUTIONS FOR TRADERS
We work with the owners of small and medium sized businesses across South Wales.
Whether you are a sole trader or trading in partnership, we can provide solutions to overcome trading difficulties.
We provide free initial advice to help clients through difficult periods of trading and arrange insolvency procedures.
We offer the following services
Sole Trader Individual Voluntary Arrangement
An Individual Voluntary Arrangement (IVA) enables a sole trader to come to an affordable arrangement with their creditors and provides protection from legal action
The most common type of arrangement allows the business to make agreed monthly payments to creditors over a fixed period of time, often five years. The amount paid into the IVA will often be lower than the total debt owed.
Whiteoak Morris will work with you to put together a well considered and affordable plan. We draft the paperwork, handle the technicalities and liaise with the creditors.
Call us today for free confidential advice.
Partnership Voluntary Arrangement
A Partnership Voluntary Arrangement (PVA) enables a trading partnership to enter a financial agreement with its creditors and protection from legal action.
The most common form of PVA allows the partnership to make agreed monthly payments over a fixed period of time, often five years. The amount repaid will often be lower than the total debt owed.
Whiteoak Morris will work with you to put together a well considered and affordable plan. We draft the paperwork, handle the technicalities and liaise with the creditors.
Call us today for free confidential advice.