Creditors’ Voluntary Liquidations
This is the most common form of liquidation and brings to an end the operation of the limited company.
Often when a business is
The costs associated with placing a company into CVL are in most cases paid from the realisation of the company’s assets.
We can advise and assist directors to ensure they meet their obligations should their company become insolvent, assist in placing the company into liquidation and act as liquidators (albeit the majority of creditors have the ultimate right to decide who acts as liquidator). The liquidator takes control of the company and liaises with lenders, landlords, creditors and staff through the liquidation period.
Directors of an insolvent company should also seek professional advice as early as possible to safeguard against potential legal actions against them under the provisions of the insolvency legislation.
To find out more or to arrange a free consultation without any obligation please contact:
Restructuring and insolvency
We believe that in working closely with you and your professional advisers we can help you understand all formal and informal options available and provide the guidance and information necessary to assist in choosing the most appropriate solution.
Creditor Services is an integral part of the Business Recovery & Insolvency department. Building on the foundations of the technical knowledge and experience within the team, our Creditor Services division provides advice and support to individuals, company directors and professional advisors where they or their clients are impacted by the insolvency of another party eg. a customer, supplier, employee etc.