Assisted Company Voluntary Arrangement

Overview:

  • We were engaged by a local solicitors to advise one of their clients
  • Their client had received a proposal from one of its creditors proposing a Company Voluntary Arrangement (“CVA”) to its creditors

Outcomes:

  • We undertook a full review of the CVA proposals and accompanying financial information
  • Based on our review, we successfully incorporated modifications to the proposals that enabled a higher dividend to be paid to unsecured creditors
  • The solicitor’s client will receive a larger sum than originally proposed, a result they are extremely happy with

 

For more information on Turnaround, please click here