Company voluntary arrangement: Difference between revisions
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An agreement between a company and its creditors concerning the payment of its debts under the provisions of UK insolvency law. | An agreement between a company and its creditors concerning the payment of its debts under the provisions of UK insolvency law. | ||
The CVA may be initiated by the directors, the administrator or the liquidator of a company. If agreed to, it involves claims being settled at a given percentage of the full liability, with a view to the company surviving thereafter. | |||
== See also == | == See also == | ||
* [[Administrator]] | |||
* [[Insolvency]] | * [[Insolvency]] | ||
* [[Insolvency practitioner]] | * [[Insolvency practitioner]] | ||
* [[Liquidator]] | |||
[[Category:Compliance_and_audit]] | [[Category:Compliance_and_audit]] | ||
Revision as of 21:31, 15 May 2016
UK insolvency law.
(CVA).
An agreement between a company and its creditors concerning the payment of its debts under the provisions of UK insolvency law.
The CVA may be initiated by the directors, the administrator or the liquidator of a company. If agreed to, it involves claims being settled at a given percentage of the full liability, with a view to the company surviving thereafter.
