Creditors' voluntary liquidation

Creditors' voluntary liquidation guidance:

This Agreement is made on [insert day and month] 20[insert year] Parties 1 [Insert name of company in administration/liquidation] (in [administration OR liquidation]) a...

Precedents

Brexit impact As of exit day (31 January 2020) the UK is no longer an EU Member State. However, in accordance with the Withdrawal Agreement, the UK has entered an...

Practice Note

The Insolvency (England and Wales) Rules 2016, SI 2016/1024 (IR 2016) provide a revised scheme for decision-making in all insolvency procedures. The detailed provisions...

Practice Note

The process by which a company may be voluntarily wound up when insolvent is referred to as a creditors’ voluntary liquidation (CVL). A CVL is a voluntary process...

Practice Note

Dissolution marks the end of a company’s life. It constitutes the formal termination of a company as a legal entity and for insolvency purposes ends the insolvency...

Practice Note

This Practice Note sets out the position from 6 April 2017. The resolution to wind-up—members and creditors’ voluntary winding-up A company may only enter voluntary...

Practice Note

FORTHCOMING CHANGES relating to insolvency and tax: Finance Bill 2019–20 introduces provisions where: • with effect for business insolvencies that commence on or after 6...

Practice Note

Process and effect 'Liquidation' or 'winding-up' is the process by which the affairs of a company and the company’s existence are brought to an end. When a company is...

Practice Note

Removal of a voluntary liquidator following the Insolvency (England and Wales) Rules 2016 (IR 2016) A voluntary liquidator can only be removed by an order of the court, a...

Practice Note

The role and function of a liquidator A liquidator is the officer appointed when a company goes into liquidation who has responsibility for collecting in all of the...

Practice Note

FORTHCOMING CHANGES relating to insolvency and tax: Finance Bill 2019–20 introduces provisions where: • with effect for business insolvencies that commence on or after 6...

Practice Note

The Insolvency (England and Wales) Rules 2016, SI 2016/1024 (IR 2016) provide for a revised scheme for decision making in insolvency from 6 April 2017. The previous rules...

Practice Note

This Practice Note sets out the position from 6 April 2017. The effect of CVL on the company The process of liquidation will lead to the dissolution of the company and it...

Practice Note

This Practice Note has been archived and is not maintained. The Insolvency (England and Wales) Rules 2016, SI 2016/1024 (IR 2016) were laid before Parliament on 25...

Practice Note
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