CVA – Insolvency and company voluntary arrangements
Insolvency means you are unable to pay your debts when they are due. The Insolvency Act 1986 is the legislation that covers all personal and corporate insolvency issues in the UK. Some issues are also affected by the Enterprise Act 2002
Insolvency means you are unable to pay your debts when they are due. The Insolvency Act 1986 is the legislation that covers all personal and corporate insolvency issues in the UK. Some issues are also affected by the Enterprise Act 2002.
The two pieces of legislation cover insolvency issues such as administration, bankruptcy, liquidation, individual voluntary arrangements and company voluntary arrangements.
A corporate voluntary arrangement (CVA) is a way of dealing with corporate debts that you cannot pay when they become due. A corporate voluntary arrangement is when your company makes an agreement with its creditors by proposing an arrangement by which to settle its debts which has been approved by the court.
The Government’s Insolvency Service and the courts cannot advise you on specific insolvency problems. You should seek legal or financial advice about the insolvency options available to you.
More information
- CVA – What is a company voluntary arrangement?
- CVA – The company voluntary arrangement process
- CVA – Who needs a company voluntary arrangement?
- CVA – When to apply for a company voluntary arrangement
- CVA – How to apply for a company voluntary arrangement
- CVA – The advantages of company voluntary arrangements
- CVA – The disadvantages of company voluntary arrangements
- Insolvency and bankruptcy
- Insolvency and liquidation
- Insolvency and administration
- Insolvency and individual voluntary arrangements
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