A Company Voluntary Arrangement is a process that companies can use to voluntarily repay their creditors over a fixed period. If your limited company is insolvent, it can utilise a Company Voluntary Arrangement (CVA) to pay creditors over this fixed period.
If creditors agree, your limited company can continue trading. If you’re a sole trader or self-employed, apply for an Individual Voluntary Arrangement (IVA).
A company or limited liability partnership (LLP) can apply if all directors or members agree. A CVA can only be arranged through a licensed insolvency practitioner.
At Quantuma Direct, our experienced team understands the intricacies of Company Voluntary Arrangements (CVAs) and the challenges associated with financial distress. With a focus on tailored solutions, we work alongside you to navigate the complexities of the CVA process, ensuring a comprehensive understanding of the arrangement’s terms and implications.
