Will CVAs Keep High Street Businesses Going in 2021?
A CVA consists of negotiating with creditors to propose revised payments with the view to keep the business afloat.
A CVA must be proposed by a licensed insolvency practitioner and over 75% of creditors by value must vote in favour of the proposal. If creditors disagree with the proposition, the insolvency practitioner can renegotiate.
The…
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