Is your company unable to pay it's debts?

Your company could be insolvent and a creditors' voluntary liquidation (CVL) might be an option for you.

A CVL is a process used for insolvent companies, initiated by directors and shareholders.
 
As a director, you are under a statutory obligation to act in the best interests of creditors and other stakeholders. Once the decision has been taken to wind-up the company, you must preserve the value of the assets until a liquidator is appointed.

The liquidator has a duty to realise the company’s assets for the benefit of creditors for the highest value and in the most cost-effective way.

Creditors are paid in accordance with a statutory order of priority and your employees’ claims are guaranteed up to a set limit by the Government.

Contact us for more information and to discuss how we can help you.