A Company Voluntary Agreement (CVA) is an agreement between a company and its creditors where the company agrees to repay debts from future profits over an agreed period of time. This allows the business to continue operating under existing management while repaying creditors. A successful CVA requires a viable business with past profitability, professional advisors, reasonable working capital, and a structured repayment plan with conservative forecasts and achievable targets. A CVA can be an excellent solution for companies facing pressure but with a viable long-term business model.