Creditors Rights and Duties in a CVL
When a company cannot repay its debts and there’s no prospect of recovery, there may be no choice but to…
Compulsory Liquidation vs Creditors’ Voluntary Liquidation (CVL)
Liquidation will undoubtedly be on your mind if your company doesn’t have a realistic chance of recovering from its financial…
What Happens to Directors in a Creditors’ Voluntary Liquidation?
When an insolvent company enters creditors’ voluntary liquidation, its normal business activities stop, its assets are sold to repay debts,…
Can You Change Liquidators in a CVL?
The liquidator is one of the key appointments when a company enters into a creditors’ voluntary liquidation (CVL). Not sure…
Can You Remove Assets Prior to a CVL?
When a company is facing insolvency or a creditors’ voluntary liquidation (CVL), there might be temptation to remove or dispose…
Can You Stop Compulsory Strike-Off by Creditors’ Voluntary Liquidation?
Before the directors of an insolvent company place it in creditors’ voluntary liquidation, it’s essential they fully understand what the…
What Is Undischarged Bankrupt?
In this article, the experts at Irwin Insolvency explain what an undischarged bankruptcy is, how long it lasts and what…
What Are the Pros and Cons of Declaring Bankruptcy in the UK?
What Are the Pros and Cons of Declaring Bankruptcy? Bankruptcy is a legal financial process that can be brought against…
Cost of a CVL: How Much Does a Creditors’ Voluntary Liquidation Cost?
If your company is one of the many facing financial difficulties in the current economic climate, you may be considering…