Written by:

John A Waller

Director

Reviewed: September 6th, 2021

Company Voluntary Arrangement (CVA) 

What is a CVA?

A Company Voluntary Arrangement is an important tool that maintains the business, allowing it to trade without interruption, while generally giving its creditors a better return than an administration. In a CVA, a company proposes an agreement to commence repayment of debt owed to creditors in either part or full payment over an agreed time period.

IMPORTANT: If you do not meet the agreed payment schedule, any of your creditors can apply to wind up your business.