It has been reported that Jamie Oliver is attempting to strike a deal with his creditors by proposing a Creditors Voluntary Arrangement (CVA).

Under the terms of the proposed CVA, the Jamie Oliver Restaurant Group are planning to close several loss making restaurants and re-negotiate the rent on several others.

A CVA is a little used insolvency procedure but one that, if successul, has the potential to save businesses and jobs.

 For more information on bankruptcy, liquidation, administration and all the other insolvency procedures, or to take advantage of our free consultation, please telephone Stella Flemmings on 01377 257788, 01724 230060 or 01904 520116 and she will make you an appointment with one of our insolvency professionals at our Driffield, Scunthorpe or York offices.