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A guide to compulsory liquidation (winding up) for creditors, shareholders and company directors. What is a Liquidation? Liquidation is a formal process for an insolvent company. The company's assets are turned into cash and then distributed to its creditors.
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This guide is intended to help creditors be aware of creditors’ voluntary liquidation (often abbreviated to вЂCVL’). In this type of liquidation an insolvency Page 2 of 49 Experts Complete Guide to Creditors Voluntary Liquidation 2011 V2 . Introduction to the Guide . The Expert’s “Complete” Guide to Insolvent
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