Company Voluntary Arrangement (CVA)

In this arrangement the company seeks the approval of its creditors (75% majority in value required of those present in person or proxy) at the creditor's meeting. The rescue proposal generally allows the company to continue trading while paying an agreed percentage of the amounts owing to the creditors over a specified time.

The arrangement cannot adversely effect the rights of the secured or preferential creditors.

 

For a free, no obligation discussion, please do not hesitate to contact our team

on 028 87721194.

 


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