So what is a CVA and how do they work?
With the rise of company voluntary arrangements (CVAs) in the retail sector, Kuits’ insolvency specialist, Vanessa Stuart, sets out the steps landlords should be taking to fight-back.
What is a CVA?
A CVA is an alternative insolvency procedure designed to save a company by allowing it to restructure its business (by managing its cash flow, seeking additional funding, re-negotiating payment and contractual terms with creditors whilst generating revenue) with the approval of its creditors.
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