Sterling Ford - Insolvency & Bankruptcy Services


   Moratorium
Moratorium
MoratoriumThe option of a moratorium was introduced into the CVA procedures by the Insolvency Act 2000, for the purpose of allowing creditors and the company during the period the moratorium is in force, the opportunity to consider and vote on CVA proposals without the company, its business and assets being affected by the commencement or continuation of any other legal proceedings or process, such as the presentation of a petition for winding up, the appointment of an administrator or administrative receiver, the forfeiture of leases or any execution or distress levied except with the leave of the court where specified in law and subject to such terms it may impose.

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