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What Is A Creditor’s Voluntary Liquidation? 

Written by: John A Waller Director Updated: December 9th, 2021.

A Creditors’ Voluntary Liquidation is an insolvency process that allows directors of failing companies to formally close an insolvent limited company voluntarily.

When considering a company voluntary liquidation. Directors must consider the implications of such action. Once actioned, the company will be closed forever. A Creditors Voluntary Liquidation applies to the liquidation of an insolvent limited company.

Often we are asked what happens when a company goes bust?

We explain below what happens when a company liquidates voluntary and insolvent.

When is it essential for directors to consider a creditors voluntary liquidation?