Creditor Informal Agreements

In cases where a company has a small number of creditors, and there is no immediate threat of potentially damaging legal action by a creditor, Chamberlain & Co can provide guidance on negotiations to achieve an informal agreement with creditors for the staged repayment of debts. However, such informal arrangements, unless very specifically detailed and documented, are not usually legally binding in the same way as a company voluntary arrangement and may last well beyond the five years customarily used as the maximum term for a CVA.

Call us on 0800 195 4585 to see if we can be of any assistance regarding creditor informal agreements.