This book provides vital information that all UK insolvency practitioners need to make informed decisions on the effective use of company voluntary arrangements (CVAs). A detailed explanation of the advantages and disadvantages of CVAs, the prescribed procedure, and the likely problem areas will enable practitioners to assess their practicality and assist them in their management. This third edition reflects changes in UK legislation, particularly the detailed procedures set out in The Insolvency (Amendment) Rules 2010, together with new case-law. Contents include: the procedure * the nominee and his report * costs * the proposal * creditors * the creditors' meeting * implementation and supervision of the CVA * breach and failure of a CVA * taxation * partnership voluntary arrangements * the administration procedure * appendices