Stephensons Solicitors LLP Banner Image
Stephensons Trustpilot stars
Based on count 1564
View all reviews

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.

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 01616 966 229, you can also complete our online enquiry form and a member of the team will contact you directly.

4.5out of 10
4.5 score on Trustpilot Based on count 1564

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

How is no-fault eviction ban going to affect tenants and landlords in England?

‘No-fault eviction’ or Section 21 rules currently enable a landlord to evict a tenant from their property without any reason.  If the landlord decides at the end of the tenant’s fixed term that they no longer wish to let to that...

Read more

Twitter commercial

@CommercialLLP

Inheritance Tax hits more homeowners

HMRC have recently published tax receipt data which shows that the amount received by the government in Inheritance Tax between April and May 2022 has increased by £100 million over the same time last year. It’s probable that this is because...

Read more

Commercial reorder

  • Louise Hebborn
  • David Baybut
  • Kate Bullen
  • Chris Graves
  • Alistair Gregory
  • Julie Hunter
  • Philip Richardson
  • Julie Ball
  • Paul Davies
  • Adam Pennington
  • Andrew Whitehead
  • Jessica Charnock
  • Sophie Chilstone
  • Terri Meehan
  • Neil Marshall
  • Declan Gilroy​​
  • Matthew Smith