company voluntary arrangements carry so many advantages to the company in addition to the chance of the company to survive liquidation. Liquidation is a suicidal option that forces the company to go out of business. Continuation of the business through putting in place a workable CVA benefits the directors because they will continue earning income. The arrangement also avails the opportunity to avoid the creditors move to court to take action against the company for failing to pay. Saving troubled businesses receives attention from large creditors, banks and the government, and therefore, its success rate is high. The company will also benefit from paying crown tax arrears through structured arrangement. Outright insolvency of a company may be saved through a cheaper and flexible company voluntary arrangement option. The arrangement eliminates or minimizes threats from creditors and hence the debtor can reorganize the firm more peacefully. In addition, the company is able to avoid the negative public humiliation as well as the humiliation to directors.