VA offers breathing space and a path forward with expert guidance.
The signs are all too familiar: bills piling up, creditors calling daily, wages overdue. For directors, the pressure is relentless, and when the tank finally runs dry, liquidation can feel like the only way out.
But liquidation is not
the only path. Voluntary administration (VA) offers a chance to pause, regroup, and rebuild under the guidance of an expert. Despite that company-saving potential, it’s said to be underused in New Zealand.
As Bryan Williams, Principal of BWA Insolvency, puts it: “If there is no gas in the tank, then the vehicle’s stalled. The sooner you become involved, the less marketplace damage exists.”
VA is a formal…