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  • Archive for the ‘Advice’ Category

    How a company is placed into Creditors’ Voluntary Liquidation (“CVL”)

    admin August 1st, 2011 Advice
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    A Creditors’ Voluntary Liquidation is a procedure available to companies in financial distress, that provides a mechanism by which a company can wind up its affairs in an orderly manner, according to pre-determined timescales.  Of course, this process can be…

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    The re-use of company names following insolvent liquidation

    admin July 18th, 2011 Advice
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    A lot has been written about companies that close their doors one day, dump their debt and start up trading under a new vehicle the next day. So much so that legislation was introduced to kerb the abuse of this,…

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    Trading whilst Insolvent. The Directors position.

    admin July 6th, 2011 Advice
    dice

    Trading a company whilst knowingly insolvent (known in the industry as wrongful trading) can have extremely serious financial implications for any officers of that company. If this wasn’t bad enough, additional penalties for any officer found guilty, can include fines…

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