CREDITORS’ VOLUNTARY LIQUIDATION – THE ALTERNATIVE LIQUIDATION METHOD
If your company is insolvent, you are facing pressure from creditors, and there are no feasible company rescue procedures that will work for your company, then we may suggest that your company enters into Creditors’ Voluntary Liquidation.
Creditors’ Voluntary Liquidation is the process of voluntarily closing down your insolvent company. The advantage of choosing to close down your company, rather than having your company forced to close, is that it puts you in control of the situation.
Putting your company into Creditors’ Voluntary Liquidation reduces the likelihood of your directors being accused of wrongdoing, during the investigation carried out by the liquidator as part of any liquidation process. When you enter into a Creditors’ Voluntary Liquidation, you will have the help and guidance of experienced insolvency experts guiding you from the start.