Benefits of CVL over administration for unsecured creditors

Unsecured creditors in administration are sometimes better off if the company moves into a CVL

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,……

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