Withers Worldwide

In some circumstances it may make financial sense for a business to enter into a Company Voluntary Arrangement (CVA) with its creditors. The aim in such circumstances is both to ensure the survival of the company as a going concern and to maximize the return for creditors.

Our insolvency team advises companies who have decided that such an arrangement is the best option, ensuring that they comply with all the necessary formalities involved. We also have experience of assisting foreign companies that hold a Centre of Main Interest in the UK, when they decide to enter into a Company Voluntary Arrangement with creditors.

Our clients are generally directors who wish to arrange a Company Voluntary Arrangement for their companies, but in some cases we are also approached by insolvency practitioners who request that we advise the client directly. In many cases we will act simultaneously for the company and the insolvency practitioner, in order to oversee all the formal requirements and ensure the CVA is carried out in a sensible and orderly fashion.