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Podcast: Faculti
Episode: Company Voluntary Arrangements: Evaluating Success and Failure
Description: Peter Walton considers the reasons for the ‘success’ or ‘failure’ of company voluntary arrangements (“CVAs”) and to investigate the outcomes where CVAs fail. The frequency of CVAs is reasonably low when compared with alternative corporate Insolvency Act 1986 procedures1 and it has been commented that CVAs have a high failure rate. The research project aims to identify ‘successful’ and ‘failed’ CVAs and by doing so, identify key characteristics which will in turn allow practical guidance to be provided to insolvency practitioners (“IPs”) and also inform policy recommendations to Government.