Company Voluntary Arrangements and SIP 3.2

CVAs are designed as a solution for resolving a company’s cash flow issues, or de-leveraging a debt-heavy but viable business. But what are the underlying factors that make them successful, and what do you need to consider before starting the statutory process?

Whether you are already a proponent of CVAs or you want to grow your business in this area, this course will refresh and update your skills. The emphasis will be on practical, interactive tuition with real life examples of CVAs, and you will learn how to confidently apply the legislation in practice.

• An understanding of statutory requirements and how they apply in practice
• The CVA moratorium process – when can you use it
• Use of administration as a preceding process
• Conditions in which a CVA will likely be successful
• Proposals – what to consider and how to construct them
• Key creditors and stakeholders: roles and responsibilities
• Secured creditor engagement
• SIP 3.2 and best practice principles
• What happens if a CVA fails: implications and options

This course is suitable for experienced UK Insolvency Practitioners looking for an update and a fresh approach to case issues, as well as staff who would benefit from an in depth introduction or refresher to the issue of CVAs.