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Creditors Voluntary LiquidationWhen the company’s shareholders decide the company should be liquidated, an insolvency practitioner is appointed to complete the process. The company stops trading; its contracts are terminated, and i [..]
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Creditors Voluntary LiquidationA procedure in which a business’s directors choose to bring the business to an end by appointing a liquidator to liquidate all of its assets. This is different to a compulsory liquidation, which is fo [..]
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