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Thomas & Partners Chartered Accountants
is the partnership of Thomas Thomas, Peter Price, Richard
Richards and Walter Williams.
They have realised that the partnership
is insolvent.
Each of the partners also have large
personal credit card debts, that have resulted from them using
their personal funds to pay business debts over the last few
months in order to keep the partnership a float.
They have decided that they will each
propose an IVA, these will be interlocking and encompass the
partnership debts, thus solving both their personal and business
problems.
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