Brexit from an Insolvency Perspective

Brexit from an Insolvency Perspective

Brexit from an Insolvency Perspective A ‘No Deal’ Brexit will break the agreements the UK has in place with EU countries governing the treatment of insolvencies across EU borders. Under present EU arrangements regulations are in place to ensure insolvency procedures and judgments are automatically recognised across all EU countries. When a company enters liquidation, […]

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 […]