Creditors Voluntary Liquidation (CVL)
This director led procedure is the most common of all the forms of insolvency process. The directors of a Company would instruct an Insolvency Practitioner to assist them with placing the Company in CVL due to the Company’s inability to pay its creditors as and when they fall due or when its liabilities exceed its assets.
CVL can be a particularly useful form of restructuring if the Company's directors feel that the underlying business is profitable.
Kingsland Business Recovery can act as Company Liquidators and assist directors in meeting their obligations. We will prepare the necessary paperwork for you and arrange all relevant meetings at one of our offices.
Call now to speak to one of our experienced directors to guide you through this difficult time, providing you with a specific tailored solution to your business.