What is a Company Voluntary Arrangement (CVA)?
When a profitable company is struggling to repay its debts due to cash flow problems, a CVA allows it to propose repayments in line with what it can afford, or offer an alternative method to compromise the debts.
A CVA is a contract with creditors which ordinarily suspends interest and sets out how much, and over how long, the company will repay the agreed level of the company’s debt to its creditors. In certain circumstances, this may involve the need for additional funding or another form of restructuring, which we can assist with.
It allows the business to continue trading whilst providing creditors and other stakeholders with a better financial outcome compared to the company entering into liquidation.
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