Company voluntary arrangement (CVA)
A Company Voluntary Arrangement (CVA) is a procedure similar to an Individual Voluntary Arrangement (IVA), whereby a company sets out its proposals to creditors to repay some or all of its debts, over a period of time. The amount to be repaid and the length of time required to repay it will form the basis of any proposal. So it is of utmost importance that the initial proposals are fully researched and well thought out before approaching the company’s creditors.
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