• 0161 696 6170
  • Request a callback
Stephensons Solicitors LLP Banner Image

Creditors' voluntary liquidation

A creditors’ voluntary liquidation (CVL) is a solution where the business has become insolvent and unable to pay its debts as they fall due.  Where a decision is made to liquidate the assets in order to pay off creditors, a CVL may be the appropriate option for you. It is important you seek advice immediately in this situation, call our insolvency team on 01616 966 229.

Excellent4.6 score on Trustpilot
Rated 4.6 / 5 Based on 2132 reviews
Read all reviews

Corporate insolvency solicitors

A CVL is a formal insolvency procedure that requires a meeting between directors, creditors and company members, the result of which is an insolvency practitioner is appointed as liquidator. The company will then cease trading with the insolvency practitioner taking responsibility for the company and its asset realisation. 

Corporate insolvency has serious implications and should only be considered after seeking professional guidance, please contact us for help and advice on the alternatives which may be available to you 01616 966 229, you can also complete our online enquiry form and a member of the team will contact you directly.

loading staff

Interest charges for late payments and compensation

Late payments continue to challenge small and medium-sized enterprises (SMEs) across the UK, as outlined in the 2023 Prompt Payment and Cashflow Review. The report reveals that 62% of small businesses experience delayed payments on a regular basis, severely...

Read more

What is a confidentiality agreement?

A confidentiality agreement, also known as a non-disclosure agreement (NDA), is a legally binding contract designed to protect sensitive information from being disclosed to unauthorised parties. These agreements are widely used in various business settings...

Read more

Insolvency team reorder

  • Louise Hebborn
  • Julie Hunter
  • Andrew Whitehead
  • Jade Fairhurst
  • Neil Marshall
  • Georgia Gaffney
  • Aaron O'Brien
  • Matthew Smith