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Creditors Voluntary Liquidation (CVL)

Directors take the decision to place a company into liquidation because it is insolvent and needs to be wound up. A liquidator of the company will realise the assets to distribute the funds to creditors. A Licensed Insolvency Practitioner must be appointed to manage a liquidation. We can guide you through this formal insolvency procedure.

The Process

A CVL is the formal winding up of a company’s
affairs managed by a liquidator, this process puts
an end to creditor pressure and can be instigated
relatively quickly. A CVL is a public process that involves an investigation into director conduct and the company will generally cease to trade. To discuss a
CVL with a Licensed Insolvency Practitioner, please contact one of our team.

How long does a CVL take?

When the directors of a company decide to place the company into CVL the process can take as little as two weeks. The Licensed Insolvency Practitioner appointed as liquidator will realise the assets to distribute the funds to creditors. To discuss the benefits of a CVL with a CVL expert, please contact one of our team.

We understand that placing a company into liquidation is a difficult decision.

Call us to speak to a CVL Insolvency Practitioner.

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Here are 3 ways we can help

1.
Call us for
restructuring
support

2.
Call us for re-financing advice

3.
Call us for business or director insolvency support