Creditors Voluntary Liquidation

What is Creditors Voluntary Liquidation?

A creditors voluntary liquidation is frequently used by insolvent companies that have no reasonable prospect of survival. A company is insolvent when it is unable pay its debts as they fall due.

How a Creditors Voluntary Liquidation works

Liquidation can stop the company’s creditors’ position from deteriorating and bring closure to an unsustainable position for the company's directors, with all the attendant anxiety and stress. Since the directors’ powers cease upon liquidation, it is the liquidator who takes responsibility for selling the company's assets, distributing the funds to the creditors and dealing with the company’s employees.

Contact us for a free and confidential consultation

Call: 01 4172625


How can Deloitte help?

Our Creditors Voluntary Liquidation experts can guide you through all aspects of the Liquidation process by:

  • Assisting you in putting a company into liquidation
  • Acting as liquidator of the company
  • Providing a comprehensive, low cost, service

We regularly act as liquidators for companies of all sizes, in all sectors of the economy. 

Free and confidential consultation: +353 1 417 2625

David Van Dessel

David Van Dessel

Partner - Restructuring Services

David Van Dessel is a partner in our restructuring services at Deloitte. As a Partner of Kavanaghfennell, a leading Irish specialist insolvency and advisory firm which was acquired by Deloitte in June... More

Warren Baxter

Warren Baxter

Director - examinerships and liquidations

Contact me for a free and confidential consultation. Warren is our restructuring services director within corporate finance and is an expert in examinerships, schemes of arrangement and liquidations. ... More

Andrew Byrne

Andrew Byrne

Director – Examinership and Liquidations

Andrew Byrne, manages a team of professionals looking after a wide range of cases including Corporate and Personal Asset Receiverships, Creditor, High Court and Members Voluntary Liquidations. He has ... More