Griffin & King - What is a Company Voluntary Arrangement (CVA)?

Описание: Tim Corfield Managing Director at Griffin and King Insolvency Practitioners explains more about a Company Voluntary Arrangement (CVA).

http://www.griffinandking.co.uk/

Welcome from the Griffin & King team, regulated Insolvency Practitioners.

We are a leading Insolvency Practitioner within the West Midlands Licensed by The Institute of Chartered Accountants in England & Wales. With over 30 years experience we have helped businesses and individuals find solutions to their financial problems.

We believe there really is “Life After Debt!”

We offer no-nonsense, clear advice to business owners and individuals who are in financial difficulties. Our comprehensive range of services covers all aspects of turnaround, recovery and insolvency solutions.

A Company Voluntary Arrangement (CVA) is a procedure whereby a company can continue to trade even though it is insolvent – in other words, the company cannot meet its on-going liabilities from the cash flow that is being generated from the company.

A CVA is to be used (rather than a Creditors Voluntary Liquidation) if the company has already or is likely to return to profitability in the near future and the debts can be paid off over an extended period of time. The CVA is a tailored plan to repay to creditors, usually over a 3 year period, what the company can afford to pay – typically, this is between 25 to 60% of the total debt.


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To find out more about a Company Voluntary Arrangement (CVA) and Griffin & King Insolvency Practitioners visit our website -
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