CVA/PVA – Company Voluntary Arrangement & Partnership Voluntary Arrangement

CVA’s & PVA’s are designed to allow a business to trade its way through the financial challenges it may be facing.

With the support of creditors it will allow them to enter into a legal and binding agreement that will:

• Freeze interest and charges
• Hold off further legal action
• Relieve Directors or Partners from creditor pressures
• Allow the company to pay what it can afford to pay during the period of the arrangement and the balance be written off.

A CVA or PVA is normally based on a five year repayment term or brought to an early conclusion by way of an offer of a full & final settlement.

Finance

For companies with assets it may be possible to secure finance to give you the cash injection you need and assist you to restructure your existing liabilities.

REMEMBER IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR SECURED LOAN YOU WILL LOSE THE ASSETS THEY ARE SECURED AGAINST!