What is a Creditor’s Voluntary Liquidation?
“I wish there was a way to close our company and remove all the stress of personal liability. We just don’t want any more pressure from creditors!”
A Creditor’s Voluntary Liquidation (CVL) is a Possible Solution for You
A Company Voluntary Arrangement is a formally binding agreement between your company and its creditors.
A CVL has many benefits and can help stop creditor calls that cause sleepless nights for company directors.
If your company needs urgent help, call us today on 01633530600.
We can initiate the process for you and alleviate the problem of dealing with creditors.
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What is a Creditor’s Voluntary Liquidation CVL?
A creditor’s voluntary liquidation, as with a compulsory liquidation, means the end of your company as a legal entity and it’s assets are sold to pay creditors. That does not always mean the end of your business or life as a business owner.
If you act in a timely manner and as the law requires of company directors, then you can make the most of this opportunity by creating a “Phoenix Company.”
What is a Phoenix Company?
It is acceptable and legal to liquidate a business and start again when restarting under following a strict rule set. This requires expert guidance from licensed professionals, for which we encourage you to call us on 01633530600.