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What is company voluntary arrangement?

A company voluntary arrangement is a formal agreement between a company and its creditors to settle debts over a period of time.

Who is required to file company voluntary arrangement?

Any company that is struggling to pay its debts and wants to avoid going into administration can file for a company voluntary arrangement.

How to fill out company voluntary arrangement?

To fill out a company voluntary arrangement, a company needs to propose a repayment plan to its creditors, which must be approved by at least 75% of creditors.

What is the purpose of company voluntary arrangement?

The purpose of a company voluntary arrangement is to allow a struggling company to continue trading while repaying its debts in a manageable way.

What information must be reported on company voluntary arrangement?

The company voluntary arrangement must include details of the company's financial situation, proposed repayment plan, and the reasons for requesting the arrangement.

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