11 : Company Voluntary Arrangement (CVA) :

A legally binding contract between a company and its creditors. The contract is known as the “Proposal”. The proposal contains details of income and expenditure, together with details of any assets the company may have. It also sets out a formal offer to creditors.

Click on the word or phrase to find a straightforward explanation rather than the exact legal definition.

Jargon Selection Associates Charging Order Company Voluntary Agreement (CVA) Composition Compulsory Liquidation Connected Party Cover Schedule (aka Bond) Creditor Creditors' Committee Directors Disqualification Extortionate Credit Transactions Insolvency Insolvency Practitioner (IP) Liquidator Moratorium Nominee Office Holder Official Receiver (OR) Preference Proxy Proxyholder Statutory Demand Supervisor Transaction at an Undervalue

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