Creditors Voluntary Liquidation (CVL)

  • A CVL is an insolvent liquidation
  • Directors identify the problem and consult us
  • Resolution of the shareholders to put company into liquidation
  • The creditors have the ability to choose the liquidator
  • Liquidator realises the Company’s assets and distributes funds to creditors in order of priority, by way of dividend
  • Liquidator must undertake an investigation into the matters leading to insolvency and report his findings to the BERR