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A CREDITORS VOLUNTARY
LIQUIDATION OR CVL:

  • It’s the business equivalent of bankruptcy
  • Currently the most common form of liquidation
  • The business closes, the employees dismissed and assets sold to pay off debts.
  • A CVL can also be used for recovery.
  • Assets & goodwill purchased & transferred into new debt-free phoenix company
  • Insolvency or recovery, a CVA is handled by Licensed Insolvency Practitioners.

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Creditors Voluntary Liquidation. (CVL)

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In a business sense, a Creditors Voluntary Liquidation (CVL) is the equivalent to bankruptcy and it’s the appropriate course of action for a company which is insolvent and no longer able to trade.

Creditors Voluntary Liquidation is currently the most common form of liquidation in the UK. Despite its name, a CVL is director-led and with the agreement of shareholders and creditors, the company is placed into liquidation. The business closes down, the employees are dismissed and the assets sold to pay off debts.

Whilst traditionally a CVL has been used for winding up a company, today it is also increasingly being used for recovery. If a company is viable and can be restructured, its assets and goodwill can be purchased and transferred into a new debt-free phoenix company.

Whichever route you decide upon, our specialist business advisors can give you more information on liquidation and phoenix companies - and ensure your case is handled by Licensed Insolvency Practitioners.

To find out more about the many ways we can help you,

contact the specialist business team today or call 0800 123 4567.

Discover the best way forward for your business

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Contact Number:

Debt Level:

Email Address:

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COMPANIES

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Liquidations

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£995

We can help making liquidating your company as easy as possible. And that includes the price.

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100% confidential.