Company voluntary arrangement (CVA) research report for the Insolvency Service
Company voluntary arrangement research report
Applies to England, Scotland and Wales
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A company voluntary arrangement is a procedure within which a company can restructure its debts and obligations via an offer to its creditors. Provided that greater than 75% (in value) of creditors  who vote are in favour of a company바카라 사이트™s proposal, it is binding on all creditors (more than half of creditors unconnected with the company must also be in favour).
In recent years, there has been criticism that the procedure  can be  unfair to landlords, where a company바카라 사이트™s future obligations to them under property leases are restructured by a company바카라 사이트™s proposal. For this reason, the Insolvency Service commissioned RSM UK to carry out research into the area and their report was published 28 June 2022.