A Nominees fee will be charged, which will depend on the business size, to establish the CVA, which involves proposing and entering into the CVA. This Nominee’s fee can be deducted from the payments that the company makes to its creditors. This means that they won’t put a short-term strain on the company’s cash flow in the way a lump sum payment would. After the CVA is approved, a Supervisors fee will be charged which is also deducted from the realised assets.
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