Massachusetts Voluntary Administration Statement (MVA) is a form of legal document used in the Commonwealth of Massachusetts to notify creditors of a debtor’s financial status and intention to pursue a voluntary administration. This document is typically filed for a business entity that is insolvent or unable to pay its debts in full when due. The MVA also outlines the debtor’s proposed plan to pay its creditors in whole or in part over an agreed upon period of time and allows creditors to assess the debtor’s financial situation. There are two types of Massachusetts Voluntary Administration Statements: the General Statement and the Consolidated Statement. The General Statement details the debtor’s assets, liabilities, and financial condition, as well as its proposed plan for payment of creditors. The Consolidated Statement is a more detailed form that includes the assets, liabilities, and financial condition of the debtor’s affiliated entities, as well as a plan for payment of all creditors.