voluntary arrangement

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voluntary arrangement

n
(Banking & Finance) law a procedure enabling an insolvent company to come to an arrangement with its creditors and resolve its financial problems, often in compliance with a court order
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In contrast to the rising number of bankruptcies, the number of people using individual voluntary arrangements (IVAs) and debt relief orders (DROs) fell in the second quarter of 2019 compared with the previous three months.
Pressure on retail rents is coming from the flood of company voluntary arrangements or CVAs.
US property company Vornado, which owns two Topshop stores in New York, has launched an offensive against the two of the retailer's seven recently-agreed company voluntary arrangements (CVAs).
The pledges were made as part of a series of company voluntary arrangements (CVAs) which are subject to final approval on Wednesday, the Work and Pensions Committee said.
A meeting last week to vote on seven company voluntary arrangements was suspended to give Arcadia more time to negotiate with landlords.
Property agent Colliers says, should Green's Arcadia succeed, 895 shops will have been axed via Company Voluntary Arrangements in that time.
It said that struggles on the High Street cost it PS14m in rent, following moves by tenants to use company voluntary arrangements to allow them to seek rent cuts or shut outlets.
28 September 2017 - UK-based individual voluntary arrangements (IVA) Aperture Debt Solutions LLP, has acquired the debt free direct (DFD) segment of UK-based consumer professional services company Fairpoint Group plc, to strengthen Aperture's position in the market, the company said.
Any attempt to interfere with this voluntary arrangement is simply political spite, part of an attack on trade unions and an attempt to undermine voluntary arrangements that have worked well for decades.
He will head a team specialising in administrations, company voluntary arrangements, individual voluntary arrangements, liquidations, bankruptcies and advising businesses facing financial difficulties.
Administrators in Manchester have now been appointed to try to salvage what they can for creditors, although Mr Russell told the ECHO he believed it could be less than they would have got through the voluntary arrangements.

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