Landlords push back against CVAs

Landlords push back against CVAs
 

Landlords have called for a government review as more struggling firms ask for rent reductions.
The British Property Federation says too many companies are abusing an insolvency process called a Company Voluntary Arrangement (CVA).
The Federation called on ministers to urgently conduct an independent inquiry into the process.
The pushback from landlords comes as House of Fraser tries to finalise a rescue plan that involves a CVA.
As many as 31 of the department store chain's 59 stores could be closed, Press Association reported.
Landlords have expressed serious reservations about the... read more

 
7 June 2018 in Business, Views: 73
Source: BBC
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