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What is a Creditors’ Voluntary Liquidation (CVL), and How Does the Process Work?

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Leading UK
What is a Creditors’ Voluntary Liquidation (CVL), and How Does the Process Work?

After the decision of winding up gets the approval of the shareholders, the directors of the company can hire or appoint a liquidator. The role of IP is to supervise the process and prepare a proposal for the creditors of the company. The voluntary liquidation cost concerning the liquidator is paid out of the money realized after selling the assets.

If you need any kind of help or services of experienced Insolvency practitioners to carry out the process of Company Voluntary Arrangement for you then, you can contact creditors Voluntary liquidation experts from Leading UK now.

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