CVA insolvency

CVAs fall 47% after HMRC tightens debt recovery rules

24th August 2022 Commercial Collections and Recoveries | #CVA insolvency

Data analysed by Mazars show the number of struggling firms striking Company Voluntary Arrangements (CVAs) with creditors has fallen 47% in the past year since a 2020 change to the law made HMRC a preferred creditor when firms go bust. CVAs, in which struggling firms strike agreements with their creditors to pay off debts, have…

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CVA insolvency

CVAs fall 47% after HMRC tightens debt recovery rules

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