# Springfields Advisory \| Your Trusted Insolvency Advisory and Business Restructuring Specialists: Expert insolvency and business rescue with clear, tailored solutions including CVL, CVA, administration, liquidation and HMRC debt management\.

> Springfields Expert insolvency and business rescue with clear, tailored solutions including CVL, CVA, administration, liquidation \& HMRC debt management\.

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## Pages
- [People](https://www.springfields-uk.com/people/)
- [Resources](https://www.springfields-uk.com/resources/)
- [Situl Raithatha \- Founder \& Senior Partner \| Licensed Insolvency Practitioner](https://www.springfields-uk.com/situl-raithatha-founder-senior-partner-licensed-insolvency-practitioner/)
- [Kishan Raithatha \-  Insolvency Executive](https://www.springfields-uk.com/kishan-raithatha-insolvency-executive/)
- [Home](https://www.springfields-uk.com/)

## Posts
- [What Is a Company Voluntary Arrangement \(CVA\)? A Director's Guide](https://www.springfields-uk.com/blog/what-is-a-company-voluntary-arrangement-cva-2/)
- [WHEN TO CALL AN INSOLVENCY PRACTITIONER](https://www.springfields-uk.com/blog/when-to-call-an-insolvency-practitioner/)
- [HMRC Arrears and Insolvency:](https://www.springfields-uk.com/blog/hmrc-arrears-and-insolvency/)
- [What Happens If Your Business Cannot Pay HMRC?](https://www.springfields-uk.com/blog/what-happens-if-your-business-cannot-pay-hmrc/): Can't pay HMRC? Learn what happens when VAT, PAYE or Corporation Tax arrears build up, the options available,
- [CVA vs CVL: Which Option Is Right for Your Business?](https://www.springfields-uk.com/blog/cva-vs-cvl-which-option-is-right-for-your-business/): Considering a CVA or CVL? Learn the key differences between restructuring and liquidation, 

## Case studies
- [Pre\-Pack Administration of a Franchised Dessert Restaurant](https://www.springfields-uk.com/case-studies/case-studies-pre-pack-administration-franchised-restaurant/)
- [Orderly Closure of a Homecare Business Through a Creditors' Voluntary Liquidation](https://www.springfields-uk.com/case-studies/case-studies-homecare-business-creditors-voluntary-liquidation/)
- [Administration of a UK Logistics Company Following the Loss of a Major Customer](https://www.springfields-uk.com/case-studies/case-studies-logistics-company-administration-case-study/)
- [Retail Business Rescue Through a Company Voluntary Arrangement \(CVA\)](https://www.springfields-uk.com/case-studies/case-studies-retail-business-rescue-company-voluntary-arrangement/)
- [HMRC Time To Pay arrangement for a growing SME](https://www.springfields-uk.com/case-studies/hmrc-time-to-pay-arrangement-for-a-growing-sme/)

## Services
- [Bankruptcy](https://www.springfields-uk.com/services/bankruptcy/): Bankruptcy is a process that is issued by the court\. Either a creditor can petition for your bankruptcy, or you may file for your own bankruptcy\. Bankruptcy can be a simple way of bringing your financial obligations to an end\.
- [Company Voluntary Arrangement \(CVA\)](https://www.springfields-uk.com/services/company-voluntary-arrangement-cva/): Company Voluntary Arrangement \(“CVA”\)
A company voluntary arrangement \(CVA\) is a binding agreement between a company and its creditors, it allows businesses to repay their debts over a period of time by entering a formal agreement with creditors\.

- [Compulsory Liquidation](https://www.springfields-uk.com/services/compulsory-liquidation/): A Compulsory Liquidation is initiated by the court following a petition for winding\-up \(made by creditors or company directors\)\. This means that all of the company's assets will be sold to pay its debts, and the company will be liquidated as a result\.
- [Creditors’ Voluntary Liquidation \(CVL\)](https://www.springfields-uk.com/services/creditors-voluntary-liquidation-cvl/): Allowing a company to wind up its affairs\. It is initiated by the company's members when they believe that the company is insolvent and unable to pay its debts\.
- [HMRC Debt Management](https://www.springfields-uk.com/services/hmrc-debt-management/): Debt Management can include HMRC Time To Pay \(TTP\) arrangements, they are structured plans for the repayment of tax debts over an agreed time period\.

## FAQs
- [Can I put my company into an insolvency process whilst I have an outstanding Bounce Back Loan?](https://www.springfields-uk.com/resources/faq/can-i-put-my-company-into-an-insolvency-process-whilst-i-have-an-outstanding-bounce-back-loan/)
- [How long does the insolvency process typically take?](https://www.springfields-uk.com/resources/faq/how-long-does-the-insolvency-process-typically-take/)
- [Can insolvency be avoided?](https://www.springfields-uk.com/resources/faq/can-insolvency-be-avoided/)
- [What is the role of an insolvency practitioner?](https://www.springfields-uk.com/resources/faq/what-is-the-role-of-an-insolvency-practitioner/)
- [Will my personal credit rating be affected by placing the company into insolvency?](https://www.springfields-uk.com/resources/faq/will-my-personal-credit-rating-be-affected-by-placing-the-company-into-insolvency/)

## Categories
- [Insolvency](https://www.springfields-uk.com/blog/category/insolvency/)
- [Bankruptcy](https://www.springfields-uk.com/blog/category/bankruptcy/)

## FAQ Categories
- [General](https://www.springfields-uk.com/cat/general/)

## Optional
- [Sitemap index](https://www.springfields-uk.com/wp-sitemap.xml)