A Creditors’ Voluntary Liquidation, or CVL, is a legal process to close an insolvent company that is unable to pay its debts. Directors and shareholders of the company voluntarily enter into a CVL rather than being forced into liquidation by creditors.

However in some cases, particularly if debts aren’t too high, it may be possible to enter a business rescue solution rather than close the company.

Business rescue, also known as restructuring, is the consideration of different strategic procedures for a business that helps get the company back on track.

Our recent blog post focuses on the differences between Creditors’ Voluntary Liquidation vs business rescue.

Read it here >> https://www.leading.uk.com/creditors-voluntary-liquidation-vs-business-rescue/