Company voluntary arrangement

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.

See also

• Administrator
• Individual Voluntary Arrangement
• Insolvency
• Insolvency practitioner
• Liquidator