What is compulsory liquidation and how does it work?
Compulsory liquidation is a formal business insolvency procedure which results in a company being forcibly shut down. It is typically started by... [Read the full blog...]Filed Under: CVL
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What is the order of priority of payments when a company is liquidated?
When all other avenues have been explored and the debt is overwhelming, a company may be left with little choice but to go into liquidation. This formal... [Read the full blog...]Filed Under: CVL
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What is the difference between voluntary liquidation and compulsory liquidation?
Times are tough right now, and more businesses than ever before are being forced to close their doors. As a result of the Coronavirus pandemic, global... [Read the full blog...]Filed Under: CVL
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How to protect your company from a winding up petition
If a creditor has brought a winding up petition against you, there are a number of legal defences available to you depending on which stage the winding up... [Read the full blog...]Filed Under: CVL
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Your most popular liquidation questions answered
Liquidation is the process of closing a business and selling its assets to pay back its debts (also known as creditors). In a business liquidation, the... [Read the full blog...]Filed Under: CVL
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The key differences between bankruptcy and liquidation
Bankruptcy is the process of getting rid of all unsecured debts by the selling of assets owned by the debtor. It’s different to the liquidation process as... [Read the full blog...]Filed Under: CVL
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What are the advantages of liquidating a business?
As an accountant for a business owner, you will need to know the options your client has should their business fall into insolvency. Understanding all of... [Read the full blog...]Filed Under: CVL
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The collapse of Bargain Booze… What to do if your franchisor goes bust
When companies go into administration or liquidation, the impact can be really quite devastating indeed. We recently explored the ramifications of two... [Read the full blog...]Filed Under: CVL