In the dynamic landscape of business, companies may face financial challenges that necessitate restructuring or, in some cases, winding down operations. The Creditors Voluntary Liquidation (CVL) process is a legal mechanism in the United Kingdom that allows a company to liquidate its assets and distribute the proceeds to creditors. This guide aims to provide a comprehensive overview of the CVL process, shedding light on the steps involved and the key players, with a focus on Simple Liquidation—one of the top five most hired insolvency firms in the UK.