What is Company Voluntary Arrangement Old?
If your limited company is insolvent, it can use a Company Voluntary Arrangement (CVA) to pay creditors over a fixed period.
Request a Callback
How does Company Voluntary Arrangement Old work?
A CVA is a great insolvency option that is essentially a legally binding contract between a company and its creditors. The CVA document clearly sets out proposals for repayment and usually involves an element of debt forgiveness from creditors, demonstrating that whilst they may not be paid in full, by supporting the CVA, they will get a better return than if the company were put into liquidation.
Unless the CVA is a short-term plan due to the realisation of a key asset or injection of monies, most CVAs last for 3 to 5 years and effectively take all of the company’s unsecured debt and wrap it up into one manageable monthly payment.
Your Key Contacts
Administration
Example
The Client
The Problem
