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Creditors’ Voluntary Liquidation (CVL)

Creditors’ Voluntary Liquidation (CVL)

Creditors’ Voluntary Liquidation 

Creditors’ Voluntary Liquidation (CVL) is a solution for companies (and LLPs) that are in financial difficulty and are unable to pay their debts.  In addition, despite the best efforts of the company directors or the application of other turnaround solutions that such as administration or a CVAit is clear that there is no chance of a recovery in the company’s financial position 

Was licensed insolvency practitioners support company directors in how best to stop trading in a structured way.  We will communicate and support all those affected and also coordinate the formalities of placing the company into Creditors’ Voluntary Liquidation (CVL). 

Once the company is in liquidation, it is our job as appointed liquidators to recover and sell company assets to pay those who are owed money (known as ‘creditors’). We are also required to carry out a general review of the actions and behaviour of the company directors in the period leading to liquidation to ensure that they were reasonable.   

 

 

"Without exception, every case referred to Bailey Ahmad Business Recovery has been handled both with sensitivity and with utmost professionalism"

If you or your clients would like to know more about CVLs, please call us on 020 8662 6070 for confidential advice. Or fill out our contact form and a member of our team will respond within 24 hours.

All consultations are confidential, free of charge and without obligation

Paul Bailey and Tommaso Ahmad are licensed insolvency practitioners in the UK and are regulated by the Institute of Chartered Accountants in England & Wales. We are also members of R3 - The Association of Business Recovery Professionals.

Contact Us

+44 (0)20 8662 6070

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