There are two hot terms bouncing around. One - Individual Voluntary Arrangements. Two - Company Voluntary Arrangement. Both are mainly the same, and we'll talk about IVA later, but for now, we will hit on the CVA. It's a government-made alternative to keep a struggling company (small or big) from going into the 'B' word. (bankruptcy). Nobody wants to see that happen. Especially a big company, and especially the government. That's a huge reason we are in the recession we are in. Large, extremely powerful banks in America and the wider banking world crashed and sent everything else nose-diving. So if your considering bankruptcy, consider this first.
