The Bar Group, the pub operator led by Paul Wigham, has applied for a company voluntary arrangement (CVA) – an alternative to a traditional liquidation process, M&C Report has learnt. The CVA will facilitate negotiations between the company and its creditors over its current debts and liabilities, and if successful avoid an administration process. In order to proceed successfully, about 75% of creditors will have to approve any proposal put forward by the company. Gibson Hewitt, a firm of accountants and insolvency practitioners, has been appointed to handle the process. The business, which is chaired by Stephen Brook, operates 24, predominantly leasehold, sites that produce annual sales of about £10m. Many of the sites operate under tied leases. It acquired the 22-strong Wishing Well Taverns business in 2003. The CVA process is generally applied when there is a better chance of creditors recovering a higher percentage of monies owed through an agreed deal, than a traditional administration.