Cutting through the insolvency paperwork jargon – A guest blog by Menzies LLP
CICM
JUNE 9, 2021
Preferential creditors – employees of the company owed arrears of wages and holiday pay. Secondary preferential creditors – some HMRC arrears. Secured creditors – with a floating charge. Unsecured creditors. Creditors’ Voluntary Liquidation (CVL) report. 10% in number of creditors. 10 creditors.
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