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Creditors’ Voluntary Liquidation (CVL)

Providing dedicated support

Creditors’ Voluntary Liquidation (CVL) is a process instigated by proactive and responsible directors of an insolvent company where there is no reasonable prospect of a recovery of their company’s financial position. It involves a structured cessation of trading to avoid a worsening of the position and the appointment of an independent licenced insolvency practitioner to act as liquidator of the company.

We can advise whether a CVL is indeed the right solution and, if so, provide dedicated support to the directors in placing their company into CVL so that a line can be drawn under the difficult circumstances experienced by all involved.

As a more favourable option than compulsory liquidation, key to the CVL process is an opportunity for directors to engage with creditors in an open and honest way to demonstrate that they have acted responsibly throughout. Once in liquidation, directors can focus their energy and attention more positively on the future, which quite often involves starting again in a new successor company.

"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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