Our goal is to provide you with useful information about our corporate and personal recovery and insolvency services as well as general background to insolvency work in Scotland. We also attempt to keep up to date with developments in insolvency, and where we think these matters may be of interest to you we include details in our news page.

Charles H Sands qualified as a Chartered Accountant in 1981 and has been carrying out insolvency work since then. He worked for two of the largest CA firms in New Zealand, Edinburgh and Glasgow, and corporate recovery work brought him to Aberdeen in 1987 when the oil price had fallen.

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About Us Report

We are insolvency practitioners ("IPs") in Scotland and we do not accept appointments in other jurisdictions. We may, however, be able to assist you to contact reputable IPs in other areas, and IPs are welcome to contact us to exchange links and other information. CA is a member of the Institute of Chartered Accountants of Scotland ("ICAS") and is authorised by ICAS to carry out insolvency work.

Rescue Report

A voluntary arrangement ("CVA") is when a company makes an agreement (usually formally) with its creditors by proposing an arrangement (formally approved by the court), in which the company has agreed terms with its creditors for the settlement of its debts. A voluntary arrangement may be proposed by the administrator, a liquidator, or the directors.

Receivership Report

The holder of a floating charge (usually a bank) can appoint a receiver to sell the assets covered by their charge, in an attempt to recover the amounts owed to them. The receiver must be an "Insolvency Practitioner" and he has a duty to all of the creditors, not just the floating charge holder.

Arrangements Report

Take advice from your local authority, citizen's advice bureau or an insolvency practitioner. Be extremely wary of advice from creditors (who will be mainly interested in securing repayment for themselves) or debt management companies who will take payments from you but may not be able to negotiate with creditors on your behalf.

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