12,861 companies entered into a Creditors Voluntary Liquidation (CVL) in 2017 and if your company is struggling with debt then it could be the solution you are looking for.

An Debt Panda practitioner is appointed in order to sell and distribute any assets to the creditors (including HMRC) of the company. Of course most of the time there will be insufficient funds to settle the company’s liabilities and at that point the remaining debt is written off.

The CVL process has become increasingly straightforward – the government does not want to penalise entrepreneurs (even Donald Trump has set up a number of failed businesses) and since April 2017 there is no need for drawn out meetings with liquidation largely completed online. With red tape cut a company can be liquidated extremely quickly allowing the directors to move on and even start a new business.

The cost of liquidation has fallen dramatically in recent years (as we operate online our fees are amongst the lowest in the UK) but if your company has no assets and you are struggling to pay for an Insolvency Practitioner then we could have the solution.

As a Director you could be entitled to a redundancy payout from the government with our average claim over £12,000. This will cover all the liquidation fees and leave you with a significant lump sum to spend as you please.

Liquidating your company doesn’t have to be stressful and complicated. At the Insolvency Helpline we can close your company quickly and with minimum expense – in fact it could cost you nothing at all! Try our free 60 second test and see if you qualify or call us on +44 77 1566 4532 for some free advice.