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