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 also involve significant legal, financial and reputational considerations.

This practical webinar gives accountants a concise and commercially focused insight into the CVL process from the perspective of an experienced insolvency practitioner. Led by Tom Murray of Friel Stafford, this webinar is designed to help accountants understand the key stages of a CVL, identify warning signs early and support clients through difficult decisions with greater confidence.

Using practical examples and real-world insights, this webinar highlights common pitfalls, director risk areas and the accountant’s role before, during and after a liquidation process.

What You Will Learn

This webinar will cover the following:

• Triggers for a CVL - identifying financial distress indicators and considering alternatives
• Legal and practical framework - key Companies Act provisions and procedural requirements
• Directors’ duties, wrongful trading, and personal liability risks
• The CVL process explained - from board decision to appointment of a liquidator
• Creditor engagement - managing communications and preparing for creditors’ meetings
• Investigations and director conduct - understanding common review areas and antecedent transactions
• Employee considerations - redundancies, employee claims, and practical issues during insolvency
• Tax considerations in a CVL and interaction with Revenue
• Practical case studies highlighting successful outcomes and common mistakes to avoid

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