Lisa Thomas, Insolvency practitioner at Neville&Co explains how a CVA could be the answer to keep an insolvent company trading
Keeping control of an insolvent company can still be an option. Liquidation is one of the most common insolvency procedures used when a Company is insolvent and there is no real prospect of it recovering. Sometimes when we meet Directors we can see potential for the Company to continue trading if it can get control of its current problems. In those circumstances it might be right to consider a Company Voluntary Arrangement (“CVA”) as an alternative to Liquidation.
What exactly is a Company Voluntary Arrangement?
In a nutshell a CVA is an agreement bet…
Read the full article at: http://www.plymouthherald.co.uk/there-is-an-alternative-to-liquidation-in-the-right-circumstance/story-29816183-detail/story.html
