Company Voluntary Arrangement
Company Voluntary Arrangement CVA
A Company Voluntary Arrangement (CVL) or CVA is an opportunity for a limited company to buy time to pay back their unsecured creditors over a longer period of time. This will often involve a reduction in the amount of money paid back.
A Company Voluntary Arrangement can only be handled by Licensed Insolvency Practitioners. At Insolvency.com we are Regulated, Licensed Insolvency Practitioners.
- Deferral of payments will ease Cash Flow pressure
- The Company continues to trade under the control of the Company Directors
- Court protection can be obtained whilst the CVA proposal is considered by creditors
- Repayment structure of the CVA is flexible
If a company has a viable future but is being dragged back by historic debt leading to pressure of today’s cash flow then a CVA may be a sound solution.
We’re always keen to make sure that as a Company Director you are clear on all the options available to you. A CVA should always be considered as an option along with other possibilities.
We don’t see it as our place to tell you what to do but to explain how everything works and let you decide on what’s best for your company.
For more information, see our list of CVA Frequently Asked Questions.