- Company Voluntary Arrangement (CVA) - This allows a company to reach a binding arrangement with creditors based on a 75% majority vote of voting creditors. The arrangement is legally binding on all creditors, regardless of whether they voted. CVA’s are a highly effective way for a company to negotiate professionally with its creditors.
- Administration - This provides a quick breathing space by placing the company under the control of a licensed Administrator. Once in Administration, a company is protected from the actions of creditors while we work with them and to create acceptable proposals on the future of the business.
Once the future of the business has been agreed by all parties the Administrator returns executive control of the business.
What next?
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