GUIDE TO CREDITORS’ VOLUNTARY LIQUIDATIONS

GUIDE TO CREDITORS’ VOLUNTARY LIQUIDATIONS

What is a Creditors’ Voluntary Liquidation?A Creditors’ Voluntary Liquidation (CVL) is a procedure to wind up an insolvent company. Insolvency is defined as the inability to pay debts as they fall due orholding a negative balance sheet.The process often starts when an accountant or advisor identifies trading difficulties when undertaking work for a client, or […]