Creditors’ Voluntary Liquidations - Beyond the Basics

Introduction

Creditors’ voluntary liquidations (‘CVLs’) remain the most popular corporate insolvency procedure in the UK, accounting for approximately two-thirds of all new corporate insolvencies.

This trend is set to continue or even increase as the UK economy starts to get back to normal, and the financial support measures put in place by the government are withdrawn.

This new webinar will go beyond the basics and delve into the detail of the practical effects of a CVL on the many stakeholders involved, for those who advise both the companies going into CVL, and those that may be affected by it.

It will also look at the impact on directors, the shareholders, creditors, and the liquidator once a company enters CVL, as well as what happens to the company itself.

What You Will Learn

This webinar will cover the following:

• The effect of a CVL on the company - what is the immediate impact of a CVL on the company?
• The effect of a CVL on the company directors - including potential personal liability claims
• The effect of a CVL on the company’s shareholders - what can they expect?
• The role of the liquidator in a CVL - duties and responsibilities of the liquidator in a CVL
• How does a CVL come to an end?

This webinar was recorded on 11th November 2021