By its very nature, insolvency brings about disputes. In most cases there are limited assets available and mediation provides a much more cost-effective option than proceeding through the court system.
Global Mediation acts as a neutral intermediary in a variety of insolvency disputes –
- Administration – where a business will seek protection against the actions of its creditors as it formulates a rescue plan
- Creditors Voluntary Liquidation (CVL) – where the directors have identified that the company has become insolvent and can’t pay its debts in full when they become due
- Members Voluntary Liquidation (CVL) – where the company is solvent but its purpose has come to an end
- Company Voluntary Arrangement (CVA) – a medium-term solution between a company and its creditors with some debt write-off
Global Mediation works closely with all parties, including Liquidators, Receivers and Administrators as well as past and present company directors or partners. The mediation process promotes settlement by providing a framework that allows for the position of all parties to be discussed.
Our skilled mediators, all with specialist knowledge, act mutually and independently to facilitate your dispute more efficiently.
For more information on Global Mediation’s insolvency mediation service, please contact us.