UK Accounting Glossary
The CVA is a form of composition, similar to the personal IVA (individual voluntary arrangement), where an insolvency procedure allows a company with debt problems or that is insolvent to reach a voluntary agreement with its business creditors regarding repayment of all, or part of its corporate debts over an agreed period of time.
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Definitions for Voluntary Arrangement are sourced/syndicated and enhanced from:
This glossary post was last updated: 5th May 2019.