“What if there was a way we could quickly close the company and get rid of the worry and pain? I don’t want to risk personal liability and we need to stop these creditors putting us under more pressure.”

There is a solution, it is called creditors voluntary liquidation. KSA can quickly end the worry and get the company liquidated quickly and professionally. We can help you stop those creditor calls and worries, stop those sleepless nights and get on with your life.

Call us now to talk through the issues and get free advice, 0800 9700539. If you're based in the South East call 020 7877 0050

What does liquidation mean and how does it work? How to people go about winding up a company? What are the risks for directors of wrongful trading? Read on and we'll help you answer those questions below.

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FIRST the simple description of a creditors voluntary liquidation (CVL).

Many people ask us this and it's really a straight forward answer: creditors voluntary liquidation or compulsory liquidation means the end of the company and its assets are then "liquidated" or turned into cash for the creditor if possible. Creditors voluntary liquidation is the most common form of liquidation in use in the UK.

Usually the company has run out of cash, it cannot pay its debts on time and the directors are concerned that the business is simply not viable.

They are also very worried about Wrongful Trading.

It is quick, CVL brings an end to worry, if you have acted properly as directors, and it will allow you to get on with your life.

Creditors Voluntary Liquidation detailed guide click if you want to learn more about the voluntary liquidation process.

Creditors Voluntary Liquidation flowcharts click if you would prefer a simple-to-follow liquidation flowchart.

Creditors Voluntary Liquidation FAQ's click if you would prefer frequently asked questions guide to help you understand the longer guide.

Guide to Wrongful Trading click if you are worried about your own actions.

Guide to Compulsory Liquidation if your company faces a winding up petition or a threat of winding up your company.

If the company has decided to liquidate, we can help you with the process quickly and with understanding. One of KSA's national team of insolvency practitioners can start the CVL process as quickly as today.

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What is a "Phoenix"? You can liquidate a company and start the same business again, but only under strict rules and conditions. This is a potential legal "minefield" and you need to take proper advice. Call us or read the detailed CVL guides if you want more details.

What if the company can be viable?

But, before you decide on liquidation as the correct option, you should also consider whether your company can be viable if radically restructured and, if so, how can you get help. If there is a viable business in there but you are tired and distressed we can still help.

Many people call us saying liquidate my company please! Then once we take away the pressure and look harder at the business problems we can often see a solution. This could be trading out or a company voluntary arrangement.

WANT VERY FAST ADVICE FROM AN IP? Speak to one of our insolvency practitioners today! Simply call our advice line in business hours and discuss the problems your company faces with our advisor. And if your company needs urgent help we will put you through to one of our insolvency practitioners or arrange a call back same day or next day.

Please call now 0800 9700539.

NEW: The most common worry about CVL is "What will liquidation mean for me personally? Can I still be a company director?" Click here for our new simple guide for worried directors, put your mind at rest!