The Options It is vitally important to establish the company’s position when considering the options available. REMEMBER If you have signed security documents on behalf of the company, given personal guarantees to support the company, then you potentially face the loss of your business, your home and personal bankruptcy. Business Survival with you in control: Trading Out Refinancing Company Voluntary Arrangement Business Survival with someone else in control: Administration Administrative Receivership Closure of your business out of your control: Creditors Voluntary Liquidation Other: Compulsory Liquidation Dissolution Doing nothing is simply not an option.