Creditors' voluntary liquidation

Creditors' voluntary liquidation guidance:

The Brexit vote On 23 June 2016, the UK voted to leave the European Union (EU) by 52% to 48%, with a turnout of 72%, sending shock waves across the markets and economies...

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 director-led voluntary...

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. It does not necessarily reflect the position pre–6 April 2017. The resolution to wind-up—members and...

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. It does not necessarily reflect the position pre–6 April 2017. The effect for the company The process of...

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This Practice Note has been archived and is not maintained.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