creditors' voluntary winding-up

  • 1creditors' 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

  • 2creditors' 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

  • 3winding-up — The process by which a company dies. Under Part IV of the Insolvency Act 1986, there are three separate procedures a members voluntary winding up where a company is solvent, a creditors voluntary winding up for insolvent companies and a… …

    Law dictionary

  • 4winding-up petition — The process by which a company dies. Under Part IV of the Insolvency Act 1986, there are three separate procedures a members voluntary winding up where a company is solvent, a creditors voluntary winding up for insolvent companies and a… …

    Law dictionary

  • 5voluntary liquidation — voluntary winding up See: creditors voluntary liquidation, members voluntary liquidation …

    Accounting dictionary

  • 6voluntary liquidation — voluntary winding up See creditors voluntary liquidation; members voluntary liquidation …

    Big dictionary of business and management

  • 7voluntary arrangement — A procedure provided for by the Insolvency Act (1986), in which a company may come to an arrangement with its creditors to pay off its debts and to manage its affairs so that it resolves its financial difficulties. This arrangement may be… …

    Accounting dictionary

  • 8voluntary arrangement — A procedure provided for by the Insolvency Act (1986), in which a company may come to an arrangement with its creditors to pay off its debts and to manage its affairs so that it resolves its financial difficulties. This arrangement may be… …

    Big dictionary of business and management

  • 9members' 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

  • 10members' 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