Corporate insolvency

When facing the financial pressures of corporate insolvency it is vital that you seek advice quickly.

A corporate voluntary arrangement (CVA) is a way of dealing with corporate debts that cannot be paid. A CVA is a deal between the company and it's creditors. Through the deal, the company promises to repay their creditors from any future profits, or a deal may be written to sell assets and pay the creditors back with the proceeds.

A CVA may be suggested by the directors of the company. When the company is either in liquidation or administration, the liquidator or administrator can propose a CVA. A CVA can only be proposed if a company is insolvent or contingently insolvent.

Linder Myers assist with drafting CVA agreements.

Our team are experienced in acting for corporate clients at this pressing time. We will advise you efficiently anf quickly, protecting the business interests at all times.