This is the Creditors’ Voluntary Liquidation News section

On this page, you will find news what’s happening in the area of Creditors’ Voluntary Liquidations.

In the meantime, if you need our help and advice in any of our specialist insolvency areas, please contact us or call 0208 088 0633, for a FREE initial discussion.

The Government is continuing with its hard line against Bounce Back Loan (BBL) fraud and misuse

Posted 15th February 2024 by Craig in

Bounce Back Loans

The Government is continuing with its hard line against Bounce Back Loan (BBL) fraud and misuse

Suspended prison sentence and £10,000 repayment compensation order for businessman

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Creditors Voluntary Liquidations (“CVL”) grew by 9% in 2023, reaching the highest figure since records began. What are the advantages of a CVL?

Posted 31st January 2024 by Craig in

Creditors Voluntary Liquidation

What are the Advantages of a Creditors Voluntary Liquidation (“CVL”)?

With record levels of CVLs in 2023, it is worth knowing that there is more to a CVL than the removal of creditor pressure, the prevention of legal action and the clearing of unsecured debt. Plus, a CVL does not necessarily mean a director will never work again.

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What can Directors do if they receive a Winding Up Petition?

Posted 27th November 2023 by Craig in

Winding Up Petition

What can Directors do if they receive a Winding Up Petition?

In this article, we look at the processes involved in a Winding Up Petition being served and what happens when one is. The key thing is to take professional advice and then take swift action.

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Judge orders director of gift company to repay £43,500 via a Compensation Order for a falsely obtained Bounce Back Loan (BBL)

Posted 20th November 2023 by Craig in

Insolvency

Judge orders director of gift company to repay £43,500 via a Compensation Order for a falsely obtained Bounce Back Loan (BBL)

But what can directors who legitimately took out a BBL do if they cannot repay?

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