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10.01.2012 - IBRC succeed in having Seán Quinn's bankruptcy status in NI annulled

10 January 2012

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Kavanagh Fennell Experts Area

What is a Creditors' Voluntary Liquidation or CVL? 
A Creditors’ Voluntary Liquidation is where a company takes the decision to call a creditors' meeting as the company is insolvent.
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What is the process to appoint a Liquidator in a Creditors' Voluntary Liquidation and who can initiate this process?
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What are my obligations as a director when I have identified that my company is insolvent?
Seek advice now to ensure you meet the Companies Acts requirements as your actions will be reviewed by the Director of Corporate Enforcement. Click here for more information

Who can appoint a Receiver over a Company? 
A Receiver is usually appointed by a secured creditor under a Debenture containing a fixed and / or floating charge over all or most of the company’s assets. Click here for more information on Receiverships

I want to take a petition against a debtor to wind it up – how and why would I do this?  
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Need advice on business planning, capital structure and cashflow management .  
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Are you an individual facing financial difficulty and you can’t seem to find a solution to your problems on your own?   
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