voluntary arrangement


Also found in: Financial.

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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Arcadia said his decision to step down was "expected", given the approval and completion of its company voluntary arrangement (CVA).
In recent months Links has been tipped as one of a string of retailers mulling a company voluntary arrangement, a controversial insolvency process used to slash rents and close unprofitable stores.
Creditors backed plans to reduce rents on 135 stores at a meeting yesterday, after Monsoon proposed a Company Voluntary Arrangement (CVA).
JULIAN Pitts and Nick Reed, of Begbies Traynor in Leeds, have been approached to act as joint nominees and supervisors in a Company Voluntary Arrangement (CVA) of Leeds Rugby Union Football Club Limited (LRUFC), which trades as Yorkshire Carnegie.
(Alliance News) - Shopping centre owner Intu Properties PLC has told Philip Green's Arcadia it will vote against the retailer's proposed company voluntary arrangement, Sky News reported on Tuesday.
Carpetright embarked on a company voluntary arrangement, allowing it to close up to 81 underperforming outlets.
The group, owned by South Africa-based Famous Brands, has announced plans for a company voluntary arrangement (CVA), an insolvency procedure which allows struggling firms to dump unprofitable stores.
The group, owned by South Africa's Famous Brands, has announced plans for a Company Voluntary Arrangement (CVA), an insolvency procedure which allows struggling firms to dump unprofitable stores.
It was confirmed today, that Mothercare has now received enough backing to go ahead with a company voluntary arrangement (CVA).
Poundworld is considering a so-called Company Voluntary Arrangement (CVA), an insolvency procedure which would allow it to slash its rents and close stores.
On August 4, a "Company Voluntary Arrangement" will take place, at the offices of Refresh Recovery in Skelmersdale.

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