creditors' voluntary liquidation
- creditors' voluntary liquidation
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Easyform Glossary of Law Terms. — UK law terms.
- creditors' voluntary liquidation
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A liquidation procedure that enables an insolvent company to be wound up without a court order by the creditors of the company.
Practical Law Dictionary. Glossary of UK, US and international legal terms.
www.practicallaw.com.
2010.
Look at other dictionaries:
creditors' voluntary liquidation — CVL The winding up of a company by special resolution of the members when it is insolvent. A meeting of creditors must be held within 14 days of such a resolution and the creditors must be given seven days notice of the meeting. The creditors… … Accounting dictionary
creditors' voluntary liquidation — CVL The winding up of a company by special resolution of the members when it is insolvent. A meeting of creditors must be held within 14 days of such a resolution and the creditors must be given seven days notice of the meeting. The creditors… … Big dictionary of business and management
voluntary liquidation — A non court based procedure to wind up or liquidate a company. There are two types of voluntary liquidation: • members voluntary liquidation of solvent companies; and • creditors voluntary liquidation of insolvent companies. Practical Law Di … Law dictionary
voluntary liquidation — voluntary winding up See: creditors voluntary liquidation, members voluntary liquidation … Accounting dictionary
voluntary liquidation — voluntary winding up See creditors voluntary liquidation; members voluntary liquidation … Big dictionary of business and management
Voluntary Liquidation — A corporate liquidation that has been approved by the shareholders of the company. Voluntary liquidations stand in contrast to involuntary liquidations, which are a result of Chapter 7 bankruptcy. The shareholder vote allows the company to… … Investment dictionary
members' voluntary liquidation — members voluntary winding up The winding up of a company by a special resolution of the members in circumstances in which the company is solvent. Before making the winding up resolution, the directors must make a declaration of solvency. It is a… … Accounting dictionary
members' voluntary liquidation — members voluntary winding up The winding up of a company by a special resolution of the members in circumstances in which the company is solvent. Before making the winding up resolution, the directors must make a declaration of solvency It is a… … Big dictionary of business and management
liquidation — winding up The distribution of a company s assets among its creditors and members prior to its dissolution. This brings the life of the company to an end. The liquidation may be voluntary (see creditors voluntary liquidation, members voluntary… … Accounting dictionary
liquidation — winding up The distribution of a company s assets among its creditors and members prior to its dissolution. This brings the life of the company to an end. The liquidation may be voluntary (see creditors voluntary liquidation; members voluntary… … Big dictionary of business and management
