How Company Voluntary Arrangement Becomes Redundant Due to Change in Insolvency Laws

let’s look into what a Company Voluntary Arrangement (otherwise known as a CVA) actually is. A CVA is a legally binding agreement between a business and that business’s creditors, which allows a certain proportion of debts to be paid back over an agreed period of time. In order for a CVA to be agreed then at least 75% of the creditors need to be in support of the terms of the agreement.

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