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A Partnership Voluntary Arrangement is a formal plan to settle partnership debts when a business can no longer pay what it owes. In practice, a solicitor helps the partnership prepare a credible proposal, negotiates terms with creditors, and arranges a meeting to seek their approval. They also draft the necessary documents, liaise with the Official Receiver or insolvency practitioner, and oversee the process to avoid liquidation where possible. The arrangement changes how liabilities are shared and protected for partners and creditors alike.
The arrangement fixes how much is paid and over what period, establishing clear, time‑bound steps to avoid urgent litigation or liquidation. A solicitor’s role includes coordinating creditors, validating the proposal, and ensuring compliance with insolvency procedures to protect the partnership’s remaining value and the partners’ positions.
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Tagged solicitor Gina Samuel-Richards
I have recommended several of my clients and friends to AGR Law after using the service myself. I’m happy to recommend them.
Review left by Sandra
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Tagged solicitor Gina Stanton
Fast , professional and great value . Every question I had was answered promptly. Great service, would highly recommend
Review left by Lynda Robinson
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Tagged solicitor Stuart Hudson
Extremely efficient and professional service provided. Clear communications. Friendly staff. Nothing too much trouble. Greenwoods made the whole process stress free and are to be highly recommended.
Review left by Nigel Ward
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Tagged solicitor Philip Collins
Philip Collins and Jessica Whooley have been exceptional throughout my time with them as a client. After a lengthy and intense Will dispute, Phil and Jess have both worked endlessly and proactively to get a 2 year long settlement over the line. Not only are their legal skills greatly appreciated but what sets them apart is the duty of care they show to their clients. Not only is a process like this financially draining (which they were very mindful of), but also emotionally draining. Jess and Phil were always available to clarify any concerns or listen to my frustrations and act upon them in a rational and professional manner. It really is refreshing to work with solicitors that truly have your best interest at heart and show as much levels of empathy as Jess and Phil have in such a tough industry. Would highly recommend!
Review left by Lucy
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