A company voluntary arrangement (CVA) is a statutory arrangement agreed between a company makes and its creditors whereby a course of action is agreed, along with a schedule of payments, over a period of between 3 and 5 years, in satisfaction of the company's debts.
A CVA is generally entered into to avoid liquidation and may be proposed by either the directors of a company or the Administrator. It will only be attractive to creditors if it is both realistically achievable and produces a return that is significantly greater than the amount the creditors are likely to receive if the company went into liquidation.
- DISQUALIFICATION OF DIRECTORS
- RESERVATION OF TITLE
- IMPLICATIONS FOR LANDLORDS - TENANT INSOLVENCY
- CORPORATE RESCUE & RECOVERY
- PERSONAL INSOLVENCY
- BUSINESS SALES/PURCHASES FROM INSOLVENCY PRACTITIONERS
- TRUST/PROPERTY ISSUES ARISING FROM INSOLVENCY
- INVESTIGATIONS/RECOVERIES FOR CREDITORS
- TRADING A COMPANY WHILST INSOLVENT
- DEBT RELIEF ORDERS
This case is of particular significance for both Insolvency Practitioners and creditors alike as it shows a gr...
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