Company voluntary arrangements

Company voluntary arrangements guidance:

The Brexit vote On 23 June 2016, the UK voted to leave the European Union (EU) by 52% to 48%, with a turnout of 72%, sending shock waves across the markets and economies...

Practice Note

Grounds to challenge the company voluntary arrangement An application can be made to challenge the approval of a company voluntary arrangement (CVA) on one or both of two...

Practice Note

A company voluntary arrangement (CVA) is a binding contractual agreement between a company and its creditors. A CVA proposal must involve one or both of two things: • an...

Practice Note

The Insolvency (England and Wales) Rules 2016 (IR 2016) provide a revised scheme for decision-making in all insolvency procedures. The detailed provisions for...

Practice Note

What is a CVA? A company voluntary arrangement (CVA) is an arrangement between a company and its creditors, supervised by an IP (who is known as the supervisor once the...

Practice Note

The Court of Appeal has made it clear in JCAM that a moratorium cannot be obtained through the back door by filing a notice of intention to appoint an administrator on...

Practice Note

There is no definition of 'failure' of a company voluntary arrangement (CVA) in the Insolvency Act 1986 (IA 1986). It does not explain when failure will take place, or...

Practice Note

Brexit impact This Practice Note is impacted by the decision of the UK on 23 June 2016 to leave the European Union. For further details, see Practice Note: Brexit—impact...

Practice Note

This Practice Note sets out the position from 6 April 2017 under The Insolvency (England and Wales) Rules 2016. It does not necessarily reflect the position pre–6 April...

Practice Note

This Practice Note covers the information which should be provided to the nominee in order to allow them to consider the merits of the CVA proposal and to prepare their...

Practice Note

This Practice Note outlines the main tax implications where a company implements a company voluntary arrangement (CVA) under Part I of the Insolvency Act 1986 (IA 1986)....

Practice Note

There is very little statutory guidance on modifications to company voluntary arrangements (CVAs) and how to deal with them. Some guidance is given by Statements of...

Practice Note

The remuneration of the insolvency practitioner is governed by the Insolvency Act 1986, Statements of Insolvency Practice (SIP) 3.2 and 9 and the Insolvency (England and...

Practice Note

Introduction to company voluntary arrangements (CVAs) A CVA is a tool available to a company in financial difficulty to restructure its debts. In contrast to other...

Practice Note

Brexit impact This Practice Note is impacted by the decision of the UK on 23 June 2016 to leave the European Union. For further details, see Practice Note: Brexit—impact...

Practice Note

Brexit impact This Practice Note is impacted by the decision of the UK on 23 June 2016 to leave the European Union. For further details, see Practice Note: Brexit—impact...

Practice Note

Neither the company nor its creditors may approve a company voluntary arrangement (CVA) proposal or modification which affects the right of a secured creditor to enforce...

Practice Note

FORTHCOMING CHANGES relating to insolvency and tax: Finance Bill 2019–20 introduces provisions where: • with effect for business insolvencies that commence on or after 6...

Practice Note

The company voluntary arrangement (CVA) proposal will contain the terms of a compromise between a company and its creditors, and therefore must be comprehensive and...

Practice Note

This Practice Note has been archived and is not maintained. The Insolvency (England and Wales) Rules 2016, SI 2016/1024 (IR 2016) were laid before Parliament on 25...

Practice Note

Brexit impact This Practice Note is impacted by the decision of the UK on 23 June 2016 to leave the European Union. For further details, see Practice Note: Brexit—impact...

Practice Note

Power to vary a CVA A power to vary a company voluntary arrangement (CVA) is normally included so that, if circumstances change or minor amendments need to be made, the...

Practice Note