A CVA is a contract between a company and its creditors to allow it to restructure its debt over a longer period of time, usually between 3 and 5 years. The company makes regular payments to the Supervisor (a Licensed Insolvency practitioner) who will distribute funds to creditors. The directors retain control of the company and its trade throughout the CVA.

Find out more about CVAs over on our website. https://www.leading.uk.com/business-rescue/company-voluntary-arrangement/

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