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Company Voluntary Arrangements (CVA)

A Company Voluntary Arrangement (CVA) is a procedure that allows a company:

  • To settle debts by paying only a proportion of the amount that it owes to creditors.
  • To come to some other arrangement with its creditors over the payment of its debts.
A CVA comes into force at the time when the company’s creditors approve a CVA proposal made in respect of the company. However, it is common for the CVA documentation to specify a different date from which its provisions apply.

Individual Voluntary Arrangements (IVA)

We can help write off unaffordable debt through an Individual Voluntary Arrangement (IVA), which is an agreement between you and your creditors and allows you to repay only what you can reasonably afford over a fixed period of time.

You agree to make an affordable lower monthly payment to an insolvency practitioner, who will divide this money between your creditors.

Once the IVAs term is completed any remaining debt is written off and you will be debt-clear.

You could possibly write off as much as 90%* of your debts.