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 0203 816 9303.

loading staff

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 0203 816 9303, you can also complete our online enquiry form and a member of the team will contact you directly.

9.3out of 10
5-stars on Trustpilot Based on count 551

We're Great

It is our business to deliver legal services that work for our clients, and you can trust our specialists to take care of things on your behalf.

Our Trustpilot reviews

The sale of new-build houses as leasehold to be banned - what does this mean for developers?

The Communities Secretary, James Brokenshire MP announced in a speech to the Chartered Institute of Housing conference in Manchester on 27 June 2019 that all new-build houses will be sold as freehold and there will be zero ground rent for new leases of...

Read more

Twitter commercial

@CommercialLLP

Stephensons appointed to NEPO legal services panel

The national law firm, Stephensons, has been appointed to the North East Purchasing Organisation (NEPO) legal panel for a total of six legal service specialisms. Following the invitation to tender for NEPO’s £60million multiple lot...

Read more

Commercial reorder

  • Jonathan Chadwick
  • Louise Hebborn
  • David Baybut
  • Kate Bullen
  • Chris Graves
  • Alistair Gregory
  • Philip Richardson
  • Julie Ball
  • Martha McKinley
  • Paul Davies
  • Jonathon Waterhouse
  • Jessica Charnock​
  • Julie Hunter
  • Adam Pennington​​
  • Andrew Whitehead
  • Mark Williams​
  • Terri Meehan
  • Laurence Searle
  • Neil Marshall
  • Declan Gilroy​
  • ​Kerrie Ainscough
  • Lucy Priestman
  • Matthew Smith