Sam Fenwick
- Partner
- Insolvency & Restructuring
Sam Fenwick explores the decline of CVAs in Corporate Rescue and Insolvency
Partner Sam Fenwick has authored a feature article for Corporate Rescue and Insolvency, examining the significant decline in the use of Company Voluntary Arrangements (CVAs) and whether they can regain their position as a viable corporate rescue tool.
In the article, Sam considers the factors contributing to the fall in CVA usage, including HMRC’s secondary preferential creditor status, the introduction of alternative restructuring processes and challenging economic conditions. He also explores a number of potential reforms that could help make CVAs a more attractive option for struggling businesses.
Discussing the challenges facing CVAs, Sam notes that HMRC’s elevated status has had a significant impact on their viability, while high failure rates and the availability of alternative restructuring tools have further reduced their popularity.
Read the full article in Corporate Rescue and Insolvency (£)
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