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.

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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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UK Restaurant insolvencies rise by 46% in last 12 months

Posted 13th November 2023 by Craig in

Insolvencies

UK Restaurant insolvencies rise by 46% in last 12 months

Restaurant Insolvencies will continue to grow until interest rates and inflation fall considerably.

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