Company Voluntary Arrangement

Company Voluntary Arrangement (CVA) definition

/ˈkʌmp(ə)ni/ /ˈvɒlənt(ə)ri/ /əˈreɪn(d)ʒm(ə)nt/

What does Company Voluntary Arrangement mean?

A formal procedure (essentially, a contract between the company and its creditors) provided for by the Insolvency Act 1986 which enables a company to agree with its creditors how its debts should be dealt with.

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