A procedure under which an insolvent company can make proposals to its creditors for the payment of its debts. The proposal will usually allow for a payment of only part of the sums due. Creditors are entitled to vote on the proposal, but if approved it binds all those creditors who were given notice of the proposal.

A procedure whereby a plan of reorganisation or composition in satisfaction of a company's debts is put forward to creditors and shareholders. There is a limited involvement by the Court and t [..]

This is an option for Directors with a company that they believe is still viable. An agreement is drawn up with the company’s creditors to pay back some of the money they are owed on a monthly basis o [..]

A voluntary arrangement for a company is a procedure whereby a plan of reorganisation or composition in satisfaction of its debts, is put forward to creditors and shareholders. There is a limited invo [..]

A company voluntary arrangement is a legally binding agreement between a company and its creditors to repay some or all of its debt over a period of time.

A Company Voluntary Arrangement is a procedure which enables an insolvent company to reach an agreement with its creditors to delay or compromise the payment of its debts.

If a limited company is declared insolvent, it can apply for a Company Voluntary Arrangement (CVA) through an insolvency practitioner. The CVA itself is a document produced that contains a proposed sc [..]

A voluntary arrangement for a company is a process whereby a plan of reorganisation or composition in satisfaction of its debts is put forward to creditors and shareholders. There is little involvemen [..]

A voluntary arrangement for a company is a procedure whereby a plan of reorganisation or composition in satisfaction of its debts, is put forward to creditors and shareholders. There is a limited invo [..]