This topic deals with company voluntary arrangements (CVAs) in the context of property insolvency.
A CVA is an agreement between a company and its creditors and is the corporate equivalent of individual voluntary arrangements (IVAs). The main benefits of CVAs include:
there is no need to prove insolvency, so action can be taken early at the first signs of distress
dissenting unsecured creditors can be crammed down if the CVA is approved by 75% in value of creditors present in person or by proxy and voting on
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