Company voluntary arrangements Flashcards
Company Voluntary Arrangements
For the directors to provide a Statement of Affairs (and statement of truth) after submitting the notice of proposal to the nominee
14 days
Company Voluntary Arrangements
For a creditor’s decision procedure to vote on the proposal
14 days (but not more than 28 days).
Company Voluntary Arrangements
For the nominee to file in Court his report on the proposal.
28 days
Company Voluntary Arrangements
Should not be more than this for the members to also consider the proposal after the creditors’ decision on it at their meeting.
5 business days
Company Voluntary Arrangements
For the creditors to request a physical meeting.
5 business days
Company Voluntary Arrangements
Notice given by the IP for a physical meeting once request made.
7 days
How long is the maximum time between the creditors’ meeting and the shareholders meeting (although they’re usually on the same day)
5 business days (although they’re usually on the same day)
Company Voluntary Arrangements
For a creditor or member to appeal the creditors’ decision
28 days
Company Voluntary Arrangements
For the Chairman to file in Court the report of the decision procedure meeting.
4 business days
Company Voluntary Arrangements
How often must the Supervisor produce a progress report on the CVA.
Every 12 months
Company Voluntary Arrangements
How long does the Supervisor have to send notice to all creditors and members (and the Registrar and the Court) of the completion of the CVA.
28 days
Company Voluntary Arrangements
How long must elapse before the creditors, directors or members can request a “statement of time spent” on the CVA.
2 years
Company Voluntary Arrangements
For the former supervisor to issue this statement.
28 days
