Company Voluntary Arrangement

Company Voluntary Arrangement (CVA) allows a financially troubled company to reach a binding agreement with its creditors regarding payment of all, or part of, its debts over an agreed period of time. It is a legal arrangement between the company and its creditors and must be arranged and supervised by a licensed Insolvency Practitioner.

A CVA can be proposed by the company directors, the administrator where the company is in administration; or the liquidator when the company is in liquidation.

Once the CVA has been carried out, the company's liability to its creditors (who had notice of the meeting of creditors) is cleared. The company can continue trading during the CVA and afterwards.

Further Information

> Guide to CVA
> CVA Frequently Asked Questions

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