Topic |
|
CVA No Moratorium |
|
CVA with a Moratorium |
|
|
|
|
|
1. Fact of existence of proposal must be advertised |
|
No |
|
Yes |
|
|
|
|
|
2. Any size of company can apply |
|
Yes |
|
No |
|
|
|
|
|
3. Nominee must report as to sufficiency of cash in the moratorium period |
|
No (but best practice would be to report) |
|
Yes |
|
|
|
|
|
4. In the moratorium period |
|
|
|
|
4.1 A winding up petition can be presented |
|
Yes |
|
No |
|
|
|
|
|
4.2 A winding up order can be made |
|
Yes |
|
No |
|
|
|
|
|
4.3 Landlord can take possession |
|
Yes |
|
No |
|
|
|
|
|
4.4 Landlord can take a distraint |
|
Yes |
|
No |
|
|
|
|
|
4.8 H.P Company can re-possess goods |
|
Yes |
|
No |
|
|
|
|
|
4.9 Bank can appoint a receiver |
|
Yes |
|
No |
|
|
|
|
|
4.10 Suppliers of public utilities may require payment of old debts as a condition of continuing to supply |
|
Yes |
|
No |
|
|
|
|
|
4.11 The company cannot take credit of more than £250 (without advising the supplier |
|
No |
|
Yes |
|
|
|
|
|
4.12 CVA must be advertised |
|
No |
|
Yes |
|
|
|
|
|