Corporate report

Creditors’ Voluntary Liquidation (CVL) research report for the Insolvency Service

This report reviews the efficiency and effectiveness of the CVL process, and on pre-appointment expenses / fees in general.

• From: The Insolvency Service
• Published: 17 December 2024

Applies to England and Wales

Documents

CVL research report for the Insolvency Service

HTML

CVL research report for the Insolvency Service

PDF, 383 KB, 28 pages

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CVL research report for the Insolvency Service Annex

PDF, 238 KB, 11 pages

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Details

In April 2022, the Insolvency Service published its First Review on the operation of the Insolvency (England and Wales) Rules 2016 (“the Rules”). These Rules came into effect in 2017 with the overall aim being to provide better outcomes from insolvency and increased returns to creditors. That report included a commitment to review the creditors’ voluntary liquidation (CVL) process, including but not limited to pre-appointment expenses.

This report will partially fulfil that commitment by reviewing the efficiency and effectiveness of the CVL process, and on pre-appointment expenses / fees in general.

Analysis has been performed in relation to a randomly sampled dataset of 2,717 completed CVLs which started in 2017.

Published 17 December 2024