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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.
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.
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Director misfeasance is a term used to describe the conduct of a director where they may have misused company assets or breached duties owed to the company. Ordinarily, misfeasance arises in the context of insolvency, where the liquidator of an insolvent...
There are many reasons for wanting to sell your business, and the best way for you depends on what you aim to get from the sale itself. There are two main routes you can take when selling your business: Share sale Here the shareholders sell...
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