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Benefits of CVL over administration for unsecured creditors
Did you know unsecured creditors in administration can increase their dividend prospects if the company moves into a CVL? Most of the tasks an administrator / insolvency practitioner (IP) performs in administration can be achieved through a creditors’ voluntary liquidation (CVL). Furthermore, the CVL procedure usually takes less time and incurs fewer expenses than administration,……
Read MoreProtect your company from devious debtors
Hollywood rarely focuses on topics such as debt recovery and insolvency. But the opening of the 1980s movie Superman 3 is a useful parallel in explaining how WhichIP protects business owners and company directors. In the film, bumbling computer programmer August Gorman secures employment at Webscoe Industries. He enjoys the new job, but notices tiny……
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