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Corporate Voluntary Arrangements

An often overlooked option for directors of a struggling company is the Corporate Voluntary Arrangement or CVA. 

This is very powerful and effective arrangement which enables a board to freeze liabilities at any point in time and continue to trade the business under their own control, not that of an administrator. The scope of a CVA is huge and limited only by the imagination of the board. The company could repay creditors from future trading receipts, additional investment or from the sale of assets. Instructing an insolvency practitioner with a sound background in financial analysis is key to a successful CVA.

Please note that the above is provided for illustration purposes only and comprises a short view of extremely complex insolvency and other legislation. This is a complicated area and specific advice must be sought before undertaking any course of action or before refraining from any course of action. Gore and Company takes no responsibility for any loss incurred to or by any person who either acts or refrains from acting on the basis of the above or of any other item published on this website. The above note may not be reproduced without the prior written consent of Gore and Company.

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