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UK Liquidators

Creditors Voluntary Liquidation

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Utilising our years of insolvency experience we have developed a database of frequently asked questions.

Questions related to Creditors Voluntary Liquidation
Is a CVL right for my company?

Whether a CVL is appropriate for your company depends on a range of factors including the financial position of the company, the likelihood of the business being able to return to a profitable position, and the desire of its directors to effect a recovery.

What happens to debts after liquidation?

One of the main benefits of trading as a limited company is that directors are given the protection afforded by limited liability.

What is a Creditors' Voluntary Liquidation

A Creditors’ Voluntary Liquidation – or CVL – is a formal insolvency process for insolvent limited companies.

What is the role of an insolvency practitioner in a CVL?

As a formal insolvency process, a CVL can only be entered into under the guidance of a licensed insolvency practitioner who will adopt the role of the company’s liquidator.

Who initiates a Creditors' Voluntary Liquidation?

A CVL is a voluntary liquidation process which is initiated by the director(s) of a distressed limited company. Many company directors choose to place their company into liquidation when it is clear it has no future.

Explore Topics

Our FAQ’s cover different types of liquidation routes subject to the financial health of your business, company rescue options and director redundancy.

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Contact the UK Liquidators Team

If you are considering liquidation for your company, taking expert advice at an early stage is crucial. At UK Liquidators, our team of licensed insolvency practitioners are committed to providing limited company directors with the help and advice they need to make an informed decision.

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