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Administration, intervention or a CVA? Firms in difficulty weigh their options

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Readers' comments (3)

  • Buss Murton

    It is of concern to other solicitors dealing with Buss Murton that they, Buss Murton, have been in difficulty for so long and they then proceed to purchase a company who themselves are in administration. Of further concern is what impact will this have upon ones own clients who have transactions or cases where Buss Murton are invovled?

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  • Buss Murton LLP

    The comments made by the anonymous writer clearly indicate that they do not understand the implications and benefits of a CVA over other forms of insolvency procedure. They are very welcome to call me on 01892 510222 and I can allay their fears.

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  • SRA powers

    The only situation where the SRA can "run" a firm is where there has been an intervention under one or more of the grounds specified by Schedule 1 of the Solicitors Act 1974.

    After an intervention, the primary role of the SRA is return client papers and monies to their owners, not to run a continuing business.

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