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Creditor’s Voluntary Liquidation (CVL)

On occasion it is just not practical to resuscitate a business and the best solution for all concerned is to close the doors and start again. We don’t hesitate to provide this advice if we think it necessary.

A creditor’s voluntary liquidation (CVL) is often the most civilised, least stressful technique to wind up a company. A liquidator is appointed to sell the assets of the business and maximise the interests of creditors. We work with directors of companies in these circumstances to give them the softest financial landing possible and to ensure that dealings with creditors and staff are as amicable as possible.