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Wednesday, 17 December 2008

How to Terminate Leases and Contracts using CVA

In these tough times for retailers and other companies with surplus property we are often asked, "how can we exit a lease(s) without huge legal costs and penalties"?

The old fashioned way is liquidation or of course administration can be used. Alternatively we can terminate leases with the directors remaining in control, without terminal insolvency and this can often leave a healthier business to recover.

See this new guide here to terminating a lease in a company voluntary arrangement or CVA

If you have a client or business that needs to shed property or face unnecessary closure, call Keith Steven now on 07974 086779.

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