2. Debenhams entered a company voluntary arrangement last year with it's creditors to allow it to restructure and continue trading. This benefitted both the company and it's creditors. (a) Explain the features and benefits of this type of Company voluntary arrangement (CVA). (5 marks) (b) In relation to insolvency law, explain what is meant by the following 4 scenarios. In particular, what situation leads to each, who can petition for each, and what is the effect of each? (5 marks) (5 marks) o Members' voluntary liquidation (ii) Creditors' voluntary liquidation (iii) Compulsory liquidation marks) (iv) Administration marks) (5 (5