How does a Creditors CVA Proposal Work?
If you have received a CVA Proposal from your customer, through an insolvency practitioner, in the last 7 days you should contact us immediately because we can help you, but timing is critical.
We will normally have one telephone conversation with you to ascertain some pertinent information. We will then risk assess the debt in question owed by your customer. Because we appreciate you will want a quick resolve to what has become an insolvent debt owed by your customer, we will usually make you an offer to purchase the debt within 2 working days.
You can sell the insolvent debt to us and typically expect to receive a single dividend payment in return as opposed a series of little payments over 4-5 years. This single payment represents the full purchase price we will pay for your insolvent debt and it is paid at the outset in full and final settlement.
Why wait to receive from your customer, now an insolvent company, a dividend that is paid over 4-5 years? In many cases the insolvent customer will still breach the payment terms of its CVA Proposal, and consequently, is forced into liquidation leaving behind the CVA creditors unrecoverable from even their unpaid dividend.
Contact us now to rescue as much money from your insolvent customer before it’s too late.