a procedure enabling an insolvent company to come to an arrangement with its creditors and resolve its financial problems, often in compliance with a court order
Examples of 'voluntary arrangement' in a sentence
voluntary arrangement
The struggling firm is selling the sites under a company voluntary arrangement with its landlords.
The Sun (2014)
The cornerstone of its new approach is advising parents on setting up voluntary arrangements.
Times, Sunday Times (2008)
The company has proposed that it pursues a company voluntary arrangement to help to pay down its debt.
Times, Sunday Times (2009)
The struggling sportswear retailer needed the landlords of its stores to support a company voluntary arrangement to stay in business.
Times, Sunday Times (2011)
Consequently, the company voluntary arrangement was fatally flawed and had to be set aside.
Times, Sunday Times (2010)
The move is designed to allow a crucial meeting about a company voluntary arrangement to take place on Thursday.
Times, Sunday Times (2011)
It carried out two company voluntary arrangements, shedding 240 shops.