What Happens When a Company Goes Into Liquidation in the UK?

What Happens When a Company Goes Into Liquidation in the UK?

Liquidation, often called “winding‑up,” is the formal process through which a UK limited company stops trading, sells off its assets, pays its debts, and is eventually dissolved. It can happen voluntarily (when the company chooses to close) or compulsorily (when the...
What is a Creditors Voluntary Liquidation?

What is a Creditors Voluntary Liquidation?

A Creditors Voluntary Liquidation or CVL is a liquidation where the directors “voluntarily” arrange to place their company into liquidation as opposed to having their company “compulsorily” wound up by the Court. After taking advice you would...