Glossary

See creditors’ voluntary liquidation and members’ voluntary liquidation.

See individual voluntary arrangement (IVA) and company voluntary arrangement (CVA).

An unsecured creditor is any creditor who does not hold security). This class of creditor […]

A transaction at undervalue refers to companies or individuals making a gift or entering into […]

A statutory demand is a formal notice requiring payment of a debt exceeding £750 within […]

A secured creditor is a creditor who holds security over the company’s assets (e.g. a […]