|
|
|
||
|
|
|||
 |
|
||
|
|
|||
| Business life | |||
 |
|
||
| Liquidation | |||
| Liquidation of your company may be necessary because it is insolvent. Either the company cannot pay its debts as they fall due or it has more liabilities than assets. The purpose of the CVL is to appoint an insolvency practitioner who is duty bound to collect the company assets and distribute them to its creditors in accordance with the law. What is a creditors' voluntary liquidation (CVL)? You may realize that your company cannot continue to trade and there is no rescue package available to reverse the losses. It can be difficult, but knowing that matters can be brought to a final close also needs proactive steps. Call immediately to evaluate your position on 0844 404 4158 | |||
|
copyright © 2008 Money Management Workshops Ltd |
|||
