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Tuesday, 8 October 2013

Credible financial forecasts are critical in a CVA proposal

If you are thinking of making a Company Voluntary Arrangement (CVA)  proposal to your creditors, one of their critical prerequisites is your credibility. Think about it: many of them will have been chasing you for weeks and may even have issued a Winding Up Petition.

If you come back to them with what they may see as yet another promise about to be broken, or with a less-than-professional proposal to pay them, you can understand that they will need some convincing.

Read our page on Financial Forecasts in a CVA - courtesy of our Financial Director Andrew Hunter  that gives an insight into the whole process.


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