Commentary

20 Company voluntary arrangements (‘CVAs’)

BANKRUPTCY AND INSOLVENCY (CORPORATE INSOLVENCY) vol 3(3)
| Commentary

20 Company voluntary arrangements (‘CVAs’)

| Commentary

B: COMPANY VOLUNTARY ARRANGEMENTS

1: INTRODUCTION

20 Company voluntary arrangements (‘CVAs’)

The Insolvency Act 1986 Sections 1–7B, and the Insolvency (England and Wales) Rules 20161 (the ‘2016 Rules’), contain provisions whereby a company may make a composition in satisfaction of its debts, or a scheme of arrangement of its affairs. The expression ‘voluntary arrangement’ when used in the legislation means both a composition in satisfaction of a company’s debts and a scheme of arrangement of its affairs. The 1986 Act is amended in relation to voluntary arrangements principally by the Insolvency Act 2000 with effect

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