Company Insolvency Practitioners

How our Accountants can help you!

• What is the difference between a CVL, MVL and Administration?

  A CVL is a process in which a company’s shareholders voluntarily wind up the business and appoint a liquidator to distribute its assets among its creditors. This can be an appropriate option for companies that are unable to pay their debts and have no realistic prospects of recovery.

  An MVL is similar to a CVL, but it is typically used by solvent companies that have reached the end of their useful life. An MVL allows shareholders to close the company and distribute any remaining assets among the shareholders.

  Administration is a process in which a licensed insolvency practitioner is appointed as an administrator to manage the company’s affairs, business and property with a view to rescuing the company as a going concern or achieving a better result for the company’s creditors as a whole than would be likely if the company were wound up.

• How can MJ Kane help?

  Our network will provide you with expert advice and support every step of the way. We understand that every situation is unique, and we will work with you and your liquidator to find the best solution for your business.

  If you’re facing financial difficulty and are considering liquidation for your company, please don’t hesitate to contact us. We’re here to help. We are committed to providing a confidential and compassionate service that puts your needs first. Our goal is to help you navigate the company insolvency process.