insolvency | AccountingWEB

insolvency

What are the advantages of Creditors’ Voluntary Liquidation?

The main advantages of a Creditors’ Voluntary Liquidation (CVL) are:

A Ltd is a full subsidiary of B Ltd.

A is taken into administration and liquidated resulting in capital losses. B wishes to utilise these losses via group relief.

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On a number of occasions recently, company directors have contacted us because of problems they have experienced when they tried to dissolve their companies.

Dear all,

 

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An MP accused HMRC last week in a parliamentary debate of pursuing a “disgraceful vendetta” and called into question the professional competence and integrity of

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The number of zombie businesses – those only abl

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We acted for a property development company which went underwater in 2009 when RBS suddenly withdrew all funding and put in a receiver on the property site which they had as security.

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Insolvency practitioners and accountancy firms working in tandem with business banks are struggling with more negative publicity and calls for a regulatory crackdown on conflicts of interest follow

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MP Austin Mitchell revived his age-old reputation as the scourge of the accountancy profession by laying into PwC, Lloyds Bank and the ICAEW during a parliamenta

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Major retailers Barratts and Blockbuster have collapsed into administration again following a tough few months on the high street.

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