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Our insolvency lawyers can offer advice and guidance to businesses struggling to negotiate debt repayments with its creditors. A company voluntary arrangement is a binding agreement between a business and its creditors to ensure the repayment of all or part of the debt over a specified period of time, through affordable fixed payments.
Corporate insolvency has serious implications and should only be considered after seeking professional guidance, please contact our insolvency specialists for help and advice on the alternatives which may be available to you 01616 966 229, you can also complete an online enquiry form and a member of the team will contact you directly.
A CVA is supervised by a licensed insolvency practitioner and allows businesses to continue to trade and repay the debt in the best interest of its creditors. Once the fixed time frame is concluded and all obligations under the CVA are met, the business will continue to trade free of the debts comprised in the CVA.
A company voluntary arrangement could be the best possible chance to maintain a healthy future for your business and by the end of the agreement you could be debt free.
To speak to a member of our insolvency law team please call us today on 01616 966 229 or fill in our enquiry form.
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