Craig Thompson writes for Acquisitions Daily on CVAs
Head of Corporate, Craig Thompson's article entitled 'Is a CVA a legitimate tool to save a business?', which discusses what needs to be taken into consideration when filing for a company voluntary agreement (CVA), has been published in Acquisitions Daily.
He highlights that in these challenging times, CVAs are being deployed at a greater rate. Craig states that as a proven method of negotiating reduced payment or standstill terms with creditors to prevent the application of a terminal insolvency procedure, a CVA can be a useful tool.
In the article, Craig covers the advantages of a CVA, including protection from creditors, cost, director control and the Company's maintained reputation. However, he also warns readers of their disadvantages, such as credit issues and potential failure of the CVA.
The full article can be read here, once subscribed.