Liquidation and Insolvency
The Liquidation and Insolvency Department at Blake-Turner regularly advise clients that are facing cash flow difficulties, wish to restructure or are facing aggressive creditors. Equally, we are often acting for those creditors and endeavouring to recover monies they are owed.
Liquidation is one possible outcome. Click the following links for information and our services relating to Creditors’ Voluntary Liquidation (CVL) and Compulsory Liquidation
There are other routes and procedures that an insolvent company can take. These include administration and creditors’ voluntary arrangements (CVA). Please click on the foregoing links for information about those.
Whether you a creditor, or a business owner or director facing threats from your creditors, please contact Paul Cooper of Blake-Turner at firstname.lastname@example.org or on +44 (0) 7967 014788 to discuss your options further.
Compulsory liquidation is almost always a creditor-led process – we often act for clients who are owed money by companies, and defending debtor companies.
Creditors’ Voluntary Liquidation
Creditors’ Voluntary Liquidation comes about when a company realises that it cannot pay its debts, or its liabilities are greater than its assets.