A CVL, or Creditors Voluntary Liquidation, is a form of liquidation that is instigated by the directors of a company. A CVL allows directors to recommend to the shareholders to voluntarily liquidate a company that can’t pay its outstanding debts.

To give you a better understanding of how you can place your company into a Creditors Voluntary Liquidation, we have put together a step by step infographic, to detail what you can expect from the process.

 

Placing a company into a CVL