Put an End to Creditor Pressure Today with a Cheap Liquidation
We offer fast, hassle free creditor voluntary liquidation (CVL) support with clear, confidential advice for directors.
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Why Cheap Liquidation?
Dealing with a distressed company? Don't do it alone. We have over 4 decades of company liquidation experience and are here to give you the friendly, honest, and straightforward advice you need. Whether you're a sole director, small business or part of a larger company, we can help relieve the pressure you're under and put an end to this extremely stressful time.
Speak to a Cheap Liquidation insolvency expert for a free non obligational consultation.
0333 052 2856Instruct Cheap Liquidation for your hassle-free liquidation now.
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Need to repay a Bounce Back Loan?
If you have an outstanding Bounce Back Loan which you cannot repay, strike-off is not an option and to close the company you will need to use the formal liquidation route.
As part of this process, all assets of the company will be identified and sold, with the proceeds going towards repaying creditors as much as possible. Any remaining debts after the liquidation is finalised are written off – including Bounce Back Loans.
What if I have a personal guarantee?
As Bounce Back Loans are guaranteed by the Government, directors did not need to provide a personal guarantee. Therefore, if your company is unable to repay due to liquidation, the Government will repay any remaining outstanding monies to your bank, following liquidation, rather than the company directors.
You may, of course, have provided a personal guarantee in respect of an additional loan in which case Cheap Liquidation can offer professional advice on how this may impact on you.
Creditor Voluntary Liquidation FAQs
A CVL is a formal insolvency process used to close an insolvent limited company. A licensed Insolvency Practitioner is appointed to handle the liquidation and communicate with creditors.
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A CVL is typically considered when the company can’t pay its debts as they fall due and there’s no realistic route to recovery. An expert review helps confirm the best option.
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Once the process is underway and a liquidator is appointed, creditors are directed to the liquidator. This can significantly reduce day-to-day pressure and calls.
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Yes. A CVL involves shareholder resolutions and notifications to creditors. We guide you through the steps and required documentation.
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Timelines vary depending on the company’s complexity and assets. The initial setup can be quick, while closing the estate may take longer.
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0333 052 2856What our clients say
“I’ve worked with the team at Cheap Liquidation for over ten years now. They are my first choice to guide my clients through the Liquidation process”- Mark H, Accountant
“I know that my clients will get the right advice and be treated fairly by the team at Cheap Liquidation”- Hayley G, Solicitor