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 extend my appreciation of your professional efficiency in handling my company business and herewith say thank you.” Maxine R

“First of all, I would like to say a BIG Thank You for all of your assistance over the past year. I would not be in the positive state of recovery without Umbrella. Your care and assistance at the application stage last summer, along with the advice throughout the year, has been great. I would not hesitate to tell anyone in my negative situation where to turn to.” Mr TM

 

 

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 Underwriting Limited of 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.

See our  complaints policy. See our  privacy policy.