Creditors Voluntary Liquidation (CVL) from Access Debt Solutions
Free, no obligation advice from the experts. For business or personal advice on money management complete our online request forms.

Creditors Voluntary Liquidation (CVL)

In the case of a Creditors Voluntary Liquidation (CVL) the shareholders or directors of the business pass a resolution to put the company into liquidation because it is insolvent. Either the company cannot pay its debts as they fall due or it has more liabilities than assets. The purpose of the liquidation is to appoint a responsible person who has a duty to collect the company's assets and distribute them to its creditors in accordance with the law. That person is the liquidator, who must be a licensed insolvency practitioner.

For free advice on Creditors Voluntary Liquidation contact us via our confidential debt advice form or call us now on 0800 694 0484.

For further detail on the debt options for limited companies see:

Or for debt options for sole traders and partnerships click here.