Southern League rules state that any CVA agreed by a member club must see all football creditors paid in full by the end of the season.
With the league running on the standardised FA rules, the terms are very similar to those in the Conference. Any club entering a CVA, or other insolvency event, would be deducted 10 points immediately and would have to pay all football creditors by the end of that season to avoid further sanction.
All other creditors would also have to be paid - in full - within three years or the sanction of relegation would be imposed.