Company Voluntary Arrangement

Discover how a Company Voluntary Arrangement from Fastspeed Legals can safeguard your business from financial distress and resolve a winding up petition.

Understanding Company Voluntary Arrangements

Key Features of a CVA

Reorganize your debt into manageable payments, allowing your business to maintain cash flow and operations.

Negotiate terms with creditors to reduce overall debt and secure more favorable repayment conditions.

Keep your business trading while addressing financial challenges, avoiding the disruption of insolvency proceedings.

Gain protection from legal actions, such as winding up petitions from existing creditors, while the CVA is in place.

Understanding the CVA Process

Meet with our experts to discuss your financial situation and explore the benefits of a CVA.

A tailored CVA proposal that outlines how your debts will be managed will be drafted forv you.

Upon continuation of a CVA, your included creditors can no longer chase you for payment.

Common Questions About CVAs

A CVA, or Company Voluntary Arrangement, is a legal agreement with creditors to repay company debts over a fixed period.

Typically, a CVA lasts between 3 to 5 years, depending on the terms agreed upon with creditors.

A CVA allows your business to continue trading while repaying debts, minimizing disruption to operations.

Yes, implementing a CVA can halt a winding-up petition, allowing your business to remain operational.

A limited company director.

Most companies facing financial difficulties can consider a CVA, but eligibility depends on specific circumstances.

Directors remain in control of the company during a CVA, unlike in administration or liquidation.

Most CVAs repay less money than owed, including set up costs.