Devonshires acted for First Priority Housing Association in successfully entering into a Company Voluntary Arrangement.
This is the first to have been done in the regulated social housing sector.
Jim Varley, Head of Insolvency at Devonshires who led the Devonshires team said: “We are delighted to have been able to help First Priority. The CVA will provide security and certainty for FPHA’s many vulnerable tenants.”