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With numerous advantages of this treatment, there is a weak point in it. There are 3 parties include in the CVAs that includes court, lenders as well as the shareholders of the borrower firm.The advantage of this treatment is that it is done voluntarily that aims to provide convenience to the directors to rescue from the insolvency problems. Therefore, the administrative receiver evaluations the company possessions as well as, after that determine that the best ways to rescue it.The management receiver analyses the company

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