Company Voluntary Arrangement (CVA)
A formal agreement between a company and its creditors to repay or compromise debts over time while the company may continue trading.
Also known as: CVA
Related terms
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CVA proposal
The formal document setting out how a company proposes to compromise or repay debts under a Company Voluntary Arrangement.
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Pre-insolvency negotiation
Negotiating with creditors before formal insolvency to seek time, settlements or restructuring while more options may still be available.
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Restructuring plan
A court-sanctioned company restructuring process under UK law that can compromise creditors or shareholders and, in some cases, bind dissenting classes.
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