Director’s proposal for a CVA
Produced in partnership with Lexa Hilliard QC of Wilberforce Chambers
Director’s proposal for a CVA

The following Restructuring & Insolvency precedent produced in partnership with Lexa Hilliard QC of Wilberforce Chambers provides comprehensive and up to date legal information covering:

  • Director’s proposal for a CVA
  • 1 Interpretation
  • 2 Introduction and Background
  • 3 Proposal
  • 4 Desirability of the proposal
  • 5 Distribution
  • 6 Assets
  • 7 Third Party Contributions and Guarantees
  • 8 Profit Contributions
  • 9 Creditors’ Claims
  • More...

Court Reference No: [INSERT COURT REF. NUMBER]

[IN THE HIGH COURT OF JUSTICE

BUSINESS AND PROPERTY COURTS [OF ENGLAND AND WALES] [IN [INSERT LOCATION]]

[INSOLVENCY AND COMPANIES LIST (ChD)]

OR

[IN THE COUNTY COURT AT [INSERT LOCATION]]

[BUSINESS AND PROPERTY COURTS LIST]

OR

[IN THE HIGH COURT OF JUSTICE

[CHANCERY DIVISION

[INSERT LOCATION] [DISTRICT REGISTRY]

IN THE MATTER OF [INSERT COMPANY NAME]

IN THE MATTER OF THE INSOLVENCY ACT 1986

proposal for a Company Voluntary Arrangement

This proposal of the directors of the Company is prepared in accordance with the provisions of [Part I Insolvency Act 1986 and in accordance with the provisions of Parts 1 and 2 of The Insolvency (England and Wales) Rules 2016] .

To: [insert addressee eg the Nominees]

Dated [insert date]

    1. 1

      Interpretation

      1. 1.1

        [insert definitions]

      1. 1.2

        References to paragraphs are references to paragraphs of this proposal.

      1. 1.3

        The headings in this proposal are for convenience only and shall not affect its construction or meaning.

    1. 2

      Introduction and Background

      1. 2.1

        [insert details of the officers and members of the Company and other statutory information, the roles of the directors and key employees and their future involvement in the company including the background and financial history of the directors where relevant (include in an Appendix)]

      1. 2.2

        [insert summary financial information (in table format) and trading history]

      1. 2.3

        [insert description of business]

      1. 2.4

        [insert brief history of company and how it arrived in its financial position]

      1. 2.5

        [insert more detail on current position and actions taken

Popular documents