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Company Voluntary Arrangement (CVA)
Get in touchCVA is a legally binding contract between the company and its creditors. The terms of the agreement typically state that the company will repay all or part of the debts owed over a period of 3 – 5 years.
- Insolvency Practitioners are required to act as Nominee of the CVA, while it is negotiated with creditors and then Supervisor to oversee the agreement reached with creditors.
- In order for the proposal to be agreed, 75% in value of voting creditors need to support the CVA.
- We have the experience and expertise to assist in the preparation of realistic proposals for creditors to consider.