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A Company Voluntary Arrangement (CVA) allows an insolvent company to come to an agreement with creditors to repay its debts over a fixed period of time. Whilst a company is under a Company Voluntary Arrangement, the director remains in control and it will continue to operate and trade. This is an option taken by those…

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19 January 2021

When a creditor is owed money by a company and their payment demands have gone unfulfilled for more than 21 days, they are entitled to issue a winding-up petition to the court. The winding-up notice asks the court to liquidate the company as it is believed that it is insolvent. Once liquidated, the proceeds and…

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Any business that is insolvent or struggling financially will want to know exactly what options are open to them. There are several routes a struggling business can take from liquidation, or administration, to a Company Voluntary Arrangement (CVA).  Which route is best for you depends on the circumstances and intentions of the business. For example,…

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