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Telephone 03300 249 711
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Covering England and Wales
How quickly can you do it?

How quickly can you do it?

From three to four weeks

It takes time to put CVA proposals together. 

The supervisor needs a lot of information from the directors to be able to produce the draft proposals on their behalf.

The more proactive the directors are, the quicker the IP can produce the CVA.

Once the CVA proposal has been completed and approved by the directors they are sent to the court.

The court franks them with a CVA number and returns them. 

The creditors can then be sent a copy and a creditors meeting can be called to vote upon the proposals.

Creditors have to be given minimum of 14 days notice of the meeting.

The meeting can then be adjourned for up to a further 14 days (if more time is needed for example to consider any modifications put forward).

David Kirk ACA FABRP

David Kirk

David Kirk is a Chartered Accountant and Licensed Insolvency Practitioner.
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"It was a very difficult decision to make to go into Administration but now I am so glad we did it. David and his team were great thank you."
Jacci Dellaway of Baylift Services Ltd
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"David Kirk helped us with an Administration to rescue the business. He did exactly what he said he would do. It has worked out very well."
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“At the initial meeting you told us the good and bad things that can happen and were honest and told us to watch out for. No one else had done that.”
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