company voluntary arrangement in the United Kingdom

A company voluntary arrangement (otherwise known as a CVA) is a formal insolvency process. This is where some kind of legal arrangement will be made between a company and the creditors to it is currently in debt. They usually span across 3 – 5 years, and it’s during this time that companies will make occasional payments (generally on a monthly basis) in order to slowly get rid of their debt.

Over on our blog, you can read about the key considerations of a CVA - https://www.leading.uk.com/what-are-the-key-considerations-for-a-companys-voluntary-arrangements-in-the-uk/