May 12th, 2022.



The Company Voluntary Arrangement (CVA) was introduced in the Insolvency Act 1986 as a rescue tool. It is an insolvency process, but unlike an administration or a liquidation, it o?ers more of a “light touch” solution aimed at rescuing a company.

Company Voluntary Arrangements should be considered when a company is not yet at the point on the business decline curve where it has no realistic prospect of a turnaround.

The CVA is essentially a commercial agreement put forward by a company to its creditors in the form of a proposal setting out how its directors plan to rescue the company and how they intend to deal with creditor claims.

Whilst the Company Voluntary Arrangements process requires an insolvency practitioner (“IP”) to assist in setting up and overseeing an arrangement, the role of the IP acting as supervisor of the CVA is.....


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