Creditors Voluntary Liquidation

Creditors Voluntary Liquidation (CVL) allows a company to place itself into liquidation. Liquidation is usually the last resort as it requires the sale of company assets in order to settle debts and finally the closure of the business. It is used where a company's assets are less than its liabilities and creditors of the company will not receive full repayment from the liquidation.

To place a company into a CVL requires a legal arrangement and the directors should consult a firm of insolvency practitioners, such as ourselves, to advise and assist them through the process.

Further Information

> Guide to CVL
> CVL Frequently Asked Questions

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