B&C Associates has a proven track record over several years assisting in all aspects of Insolvency

Please contact us and we can advise you on the Insolvency route best suited to your situation.

All advice is given in strictest confidence.

Initial advice is given free of charge and without obligation.

We specialise in the Corporate sector, and details of the relevant procedures are as follows;

Creditors’ Voluntary Liquidation

  • Where a company’s directors find themselves in a situation where the company is insolvent and is no longer able to trade without further funding and no prospect of recovery or rescue seems forthcoming; directors may opt to place the company into CVL.
  • The CVL Process is common place within Insolvency, and if used quickly and efficiently, denotes the director’s intent and goodwill towards a company’s creditors, by bringing the company’s affairs to a timely and consensual close.
  • Once appointed a Liquidator will seek to maximise asset realisations in order to provide a return to creditors. Although there may be a notable shortfall to creditors, the CVL process offers creditors a greater say in the winding-up of a company with a higher chance of returns, in comparison with action taken against a company by creditors, in the form of a Compulsory Winding Up.

Members’ Voluntary Liquidation

  • An MVL is a common process used when directors/shareholders find themselves in charge of a solvent company, that may no longer serve its purpose or its directors may no longer wish to operate the company.
  • Where a company is solvent, still profitable and sits on sizable assets or reserves, the MVL process affords shareholders a simple, hassle free and financially prudent option of winding up a company. There are tax benefits, which are otherwise unavailable to the company.


  • Where a company may find itself in financial difficulties, its directors (or other stakeholders), recognising the potential viability of the business with a suitable rescue or restructuring package in place, can appoint an Insolvency Practitioner as Administrator.

Company Voluntary Arrangement

  • A CVA will allow a company with notable debt problems to reach an agreement with its creditors regarding a full or part payment of its debts over a period of time.

By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.