Accounting and Finance

What Is a Company Voluntary Arrangement and How Does It Work?
Accounting and Finance Business

What Is a Company Voluntary Arrangement and How Does It Work?

A Company Voluntary Arrangement, otherwise known as a CVA, is a special agreement made between an insolvent company and its creditors. Company Voluntary Arrangements are typically reserved for companies that have encountered temporary financial setbacks resulting from a single non-recurring factor, including proprietor illness, marketplace shifts, and a significantly bad […]