Insolvency

Background   When a company is insolvent, the directors have a duty to protect creditors interests and to take restructuring advice, and...

Whereas CVLs (creditors voluntary liquidation) deal with insolvent companies, MVL (members voluntary liquidation) winding ups are in...

The creditors meeting takes place at a place and time as advertised in the statutory notices (10 days notice by post to creditors and...

Directors Duties when a company is facing Insolvency 1)     Introduction The definition of insolvency has two elements, negative net...

When a company is facing insolvency, it can be a difficult and stressful time for directors. Nonetheless, it is important that the...