Navigating Creditors’ Voluntary Liquidations (CVLs) - A Practical Guide for Irish Accountants

Introduction

Creditors’ Voluntary Liquidations (CVLs) can be a vital tool for addressing financial distress - but they come with legal, financial, and reputational risks that must be carefully managed.

This new virtual classroom seminar offers accountants a unique insight from an experienced insolvency practitioner. Join expert speaker Tom Murray of Friel Staffard and equip yourself with the knowledge and confidence to support clients effectively during the CVL process.

This session will provide you with a clear understanding of how CVLs operate, common pitfalls to avoid, and the critical role accountants play in advising clients through challenging decisions.

What You Will Learn

This live and interactive session will cover the following:

• Triggers for a CVL - financial distress indicators and alternatives (schemes, administration)
• Legal and practical framework - key Companies Act provisions
• Directors’ duties, wrongful trading, and personal liability risks
• Step-by-step CVL process - from board resolution to dissolution
• Creditor engagement - preparing for and running the creditors’ meeting
• How investigations work - director conduct and antecedent transactions
• Employee issues - handling redundancies and claims in insolvency
• Tax implications of a CVL and interaction with HMRC (or Revenue in ROI context)
• Practical case studies showing successful (and failed) outcomes

Recording of live sessions: Soon after the Learn Live session has taken place you will be able to go back and access the recording - should you wish to revisit the material discussed.