Guide to Company Voluntary Arrangements (CVAs)

This guide is aimed at helping you understand Company Voluntary Arrangements (CVAs) as a restructuring tool. It looks at the legal and practical aspects although you will almost certainly need help from an turnaround guru as this is a complex area where most CVAs fail because they are poorly drafted and not implemented by turnaround specialists and it is a mistake to believe insolvency practitioners are turnaround specialists.

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What is a CVA?

HMRC will make every effort to collect overdue money and it has an escalating series of actions it can take.

Learn when & how CVAs are used

Insolvency can mean you are personally liable as a director, so understanding your obligations is key.

Is your business Insolvent?

To use a CVA your business must be Insolvency. Insolvency can mean you are personally liable as a director, so understanding your obligations is key.

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