Is Liquidation The Right Option For You?
Quick Set Up
One to One Contact
No Advice Charge, No Obligation, Confidential
Protection From Creditors
We will explore all your available options.
We only process the information you give us to satisfy your enquiry.
Is Liquidation The Right Option For You?
Quick Set Up
One to One Contact
No Advice Charge, No Obligation, Confidential
Protection From Creditors
We will explore all your available options.
We only process the information you give us to satisfy your enquiry.
CLICK TO CALL US ON 0800 193 5523
What Is Voluntary liquidation (CVL)
A Creditors Voluntary liquidation(CVL) is where the directors of a limited company take the decision to formally close and insolvent company voluntary.
Who Can Set Up A CVL/Liquidation?
An CVL can only be set up by a professional lawyer or accountant, known as an Insolvency Practitioner (IP).
How Much Does It Cost To Do A CVL?
This depends on quite a few factors including how many creditors that you have and how complex your individual case however prices start from £2,500 to complete the liquidation from start to finish.
Can I arrange a CVL myself?
No a CVL can only be completed by a licenced Insolvency Practitioner (IP)
We will explore all your available options.
We only process the information you give us to satisfy your enquiry.
Why Put A Company Into Voluntary Liquidation (CVL)?
Owners of a company will normally choose to take this route when either they no longer want to continue with the company or they can no longer pay their debts when they fall due.
Can I include my bounce back loan in my liquidation?
In short – Yes you can. The bounce back loan become an unsecured debt in a liquidation.
How can I cover the costs to pay for the Liquidation?
As part of the liquidation any assets to from the business will be sold and in a lot of cases this can cover the cost of the liquidation itself.
In a lot of cases directors are entitled to Director Redundancy Payments, this is another way that can help with the costs of Liquidation and in some cases have money left over.
Disclaimer: www.theliquidationpeople.co.uk is free to use, after carrying out an initial assessment/fact find we will give you an indication as to what would be the best option based in the information you have provided to us at the time. We will then with your permission introduce you to one of our business partners/insolvency practitioners who we feel will be best placed to help you based on the information that we have received from you. On acceptance of any arrangements with our business partners fee’s will apply.
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