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Creditors Voluntary Liquidation Process

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Simple Liquidation
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Creditors Voluntary Liquidation Process

The benefit of a CVL is that directors of the insolvent company are able to nominate their preferred liquidator (insolvency practitioner) rather than the court appointing the liquidator. The liquidator, or insolvency practitioner (IP) handling the Creditors Voluntary Liquidation process must be licensed to be able to deal with realising the assets of the company, distributing the proceeds to creditors, as well as handling all the formalities and paperwork to close the company.

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Simple Liquidation