CVAs (Company Voluntary Arrangements)

A Company Voluntary Arrangement (CVA) is a formal agreement between a company in financial trouble and its creditors to repay some or all of its debts over a set period, typically three to five years. It allows the company to continue operating while restructuring its finances. The arrangement is overseen by a licensed insolvency practitioner, who helps negotiate terms with creditors. If approved, it helps avoid liquidation, preserves jobs, and enables the business to stabilize and rebuild while meeting its obligations.