Insolvency Services

TAKE CONTROL OF YOUR DEBT AND MOVE FORWARD TO A BRIGHTER FINANCIAL FUTURE

Creditors’ Voluntary Liquidation (CVLs)

A Creditors Voluntary Liquidation (CVL) is a procedure initiated by the director/s of a company to voluntarily bring about the end of the business when the company is insolvent, defined by insolvency legislation as an inability to pay debts as and when they fall due or when assets are less than its liabilities.

The company’s shareholders must pass resolutions to place the company into Liquidation and to appoint a Liquidator, a licensed insolvency practitioner, who will assume control of the company’s affairs.

Once appointed, the Liquidator is charged with disposing of its assets for the benefit of the creditors. The sale may be back to the director/s to enable the business to continue in another form.

The ‘liquidated’ company will cease to trade and the Liquidator will wind up all outstanding matters including dealing with all employee and creditor queries.

Our experts have a wealth of experience in this area and are available today for a free initial consultation in the strictest of confidence. Call 0800 611 8888 or  email us or click below to request a call back.

 

 

Testimonials from clients

I would like to thank Sarah and her team for all the hard work they have put into helping me sort my finances out once and for all. Without this IVA I would still be struggling every month trying to make ends meet. I received nothing but an efficient polite service every time I spoke to a member of your team and I'm so very grateful. Thank you so much. Natasha R (January 2017)

Thank you so much for your help with my IVA. As an ex-company Director my life took a downward spiral when creditors from my liquidated company called upon my personal guarantees. I had been treading water for months, ran up credit card debts and borrowed from family. When a creditor instigated bankruptcy proceedings against me I thought I was going to lose my house. I contacted Umbrella who stopped all the phone calls and threatening letters. Umbrella explained things in way I could understand. They negotiated with creditors and my IVA went through, now I can sleep at night again and I kept my home. Thomas Fox was extremely knowledgeable and I truly thank him and his team. Paul G (December 2016)

I would like to say a very big "Thank You" to your lady on the telephone this morning who helped me start getting my life sorted and debts managed. So thank you "Sarah" great help... thank you again. L.Smart

Excellent customer service. Staff always helpful. Thank you. Lyndsay S

Very professional approach, always there for you to help, outstanding guidance.   Thank you so much for all. Joanna B

Very supportive and helpful at dealing with financial problems Sue KL

 

 

Umbrella IVA is provided by Umbrella Accountants LLP   who are authorised and regulated by the Financial Conduct Authority.

Registered Office: Bollin House, Bollin Link, Wilmslow, Cheshire, SK9 1DP: Company Number OC360021. Data Protection Number Z2517380. VAT Registration Number 107346824
Umbrella, Umbrella IVA and Umbrella Insolvency are trading styles of Umbrella Accountants LLP.

Thomas Fox LLB MIPA is an employee of Umbrella Accountants LLP and is licensed to act as an Insolvency Practitioner in the UK by the Insolvency Practitioners Association.

Professional Indemnity Insurance -  In accordance with the disclosure requirements of the Provision of Services Regulations 2009, the firm’s professional indemnity insurer is Hiscox Insurance Company Limited, 1 Great St. Helens, London, EC3A 6HX. The territorial coverage is worldwide excluding professional business carried out in the United States of America or Canada and excludes any action for a claim brought in any court in the USA or Canada.

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