Top 7 of 7 law firms for CVAs, Company Law | Taunton, Somerset
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A company voluntary arrangement (CVA) is a formal agreement between a company and its creditors to repay part of its debts over a fixed period, completed under the Insolvency Act 1986. A licensed insolvency practitioner acts as supervisor, managing the process and binding creditors who vote in favour. The process can pause or restrict creditor enforcement while the proposal is considered and implemented, and it may affect directors’ powers and duties. It is used to rescue a business or achieve an orderly wind‑down.
