Company Voluntary Arrangement (CVA)
A Company Voluntary Arrangement (CVA) is a legally binding agreement between an insolvent company and its creditors. The company agrees to repay some or all of its debts from future profits or asset sales over an agreed period (usually three to five years) allowing a company to survive. A CVA can allow for the balance of debt to be written off where it cannot reasonably be paid.
If you require any CVA advice, information or assistance, please contact us.