A Company Voluntary Arrangement ("CVA") is an agreement between a company and its creditors. This allows a company to pay its creditors an agreed sum of money, often over time, in full and final settlement of its debts.
A CVA requires a proposal to be made and agreed with the creditors. The arrangement must be formally monitored by an Insolvency Practitioner.
For alternative options regarding corporate restructuring, please see our Corporate Insolvency and Restructuring pages.