Help for Directors

All businesses face the occasional financial crisis but when they become a critical problem you need to know exactly where you stand. In our help for directors section, you will find specific information for answering your questions around if you are insolvent, what you need to do if you are and how it will affect you.

Creditors Voluntary Liquidation

What is known as Creditors Voluntary Liquidation is the process that most businesses must go through if they are insolvent. It can be a difficult time for everyone involved, so we have created this special section of our site to give you the important facts about CVLs in a clear and down to earth way so you can see where you stand.

Members Voluntary Liquidation

This is when your company is still solvent, but you (and your fellow directors) decide it is time to call it a day and retire or move on to the next stage of your lives.  With an MVL, you will release the assets and use these funds to pay off the creditors before returning the remaining funds to the shareholders.

Creditors Voluntary Liquidation

Creditors Voluntary Liquidation

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Creditors Voluntary Liquidation

What is a Creditors Voluntary Liquidation (CVL)?

A Creditors Voluntary Liquidation is the most common form of insolvency in the UK.

This happens if you and your fellow directors decide that, with your company insolvent, you should voluntarily wind it up. A CVL works by realising the assets of your company and distributing the proceeds to your creditors. 

How do we approach our role?

 

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Compulsory Liquidation

What is Compulsory Liquidation? This happens when the court orders that your company must be wound up.  This follows a winding-up petition ... more

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Find out more about how we can guide you through a Creditors Voluntary Liquidation. We’re here to help with clear, straightforward support.

Call us on 0116 2325117 (Leicester), 01926 671891 (Warwick), 02476 017639 (Coventry), 01604 263179 (Northampton) or email us on info@smartbusinessrecovery.co.uk