New rules see changes for Creditor Voluntary Liquidations
The new Insolvency Rules 2016 come into effect on 6 April 2017 and represent the most significant changes to insolvency law for 30 years.
Whilst many of the new rules concern the more technical aspects of our work, there are some rules changes which have wider implications.
Creditor’s Voluntary Liquidations (CVL’s) are one of the most common insolvency processes. There are some rule changes relating to CVL’s which we’d like to bring to your early attention.
If you have any questions relating to the information in this document, please do get in touch