Company Voluntary Arrangements (CVAs)
This involves a Proposal made by the Company's Directors to the creditors and shareholders providing a full disclosure of all the company's assets and liabilities together with a proposition for enhancing the return to the Company's creditors compared with what they could expect to receive in any other insolvency procedure. The Proposal usually involves delayed or reduced payments of debt, capital restructuring or an orderly disposal of assets.
It is proposed to creditors and shareholders at separate meetings and there is limited involvement by the Court.
Despite being a formal procedure under the Insolvency Act 1986, it is possible to build in as much flexibility in dealing with the Company's asset and liabilities as necessary. A Company Voluntary Arrangement usually allows the continued involvement of the Company's Directors in its ongoing affairs subject to review by a Supervisor who are Licensed Insolvency Practitioners (IP).
More Information
For more information regarding any of our other services, please click on a link below:
Creditors Voluntary Liquidation and Company Administration.
For more information about any of our services, please complete the simple form below and we will call you back regarding your enquiry.
