Creditors’ Voluntary Liquidation (CVL) is often the most appropriate solution for a company that is no longer viable and unable to pay its debts as they fall due. Entering into a CVL demonstrates that the director is acting responsibly, taking control of the situation, and fulfilling their legal duties once insolvency is clear.

RLBR works alongside licensed insolvency practitioners to guide directors through the CVL process from start to finish. The basic criteria for a CVL are straightforward: the company must be insolvent, meaning it cannot meet its liabilities as they fall due or its liabilities exceed its assets, and the directors must decide that continued trading is no longer in the best interests of creditors. RLBR helps assess insolvency, explains the implications clearly, and coordinates the appointment of an insolvency practitioner to ensure the process is handled correctly, efficiently, and with minimal stress.