Creditors' voluntary arrangement ("CVA")

A positive way forward for a potentially viable business. You may have heard of the Chapter 11 process in the US where companies attempt to trade out of difficulties while receiving Court protection from creditors. A company voluntary arrangement ("CVA") is the nearest UK equivalent. A CVA allows directors a company in financial difficulty to reach an agreement with its creditors regarding payment of its debts. The CVA process has to be carried out by a licensed insolvency practitioner but, unlike administration and liquidation, the directors remain control... Read more

Click on the articles below to read some CVA case studies.