Frequently asked questions :

Click on any item below for an easy to understand definition

• What does CVA stand for?
• What are creditors?
• What is a CVA?
• How long does a CVA last?
• Who agrees to the CVA?
• How quickly can I get a CVA?
• How much will my company pay its creditors?
• How much will it cost?
• Will I need to meet my company's creditors?
• Do I have to pay creditors directly?
• Who knows about the CVA?
• Is the company's credit affected?
• What if there are Judgements against the company?
• What if the company can’t make the agreed payments into the CVA?
• What if I need to change the CVA once it has been agreed?
• Will I have to go to Court?
• It sounds too good to be true. What is the downside?
• What happens to the rest of the debt that isn't paid in the CVA?
• What does IRP stand for?

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