Hyper-V: Checkpoint operation failed

Errors

On Hyper-V manager console

An error occurred while attempting to checkpoint the selected virtual machine(s)

In Hyper-V Eventlog

EventID 18012, Microsoft-Windows-Hyper-V-VMMS/Admin:
Checkpoint operation for 'FPPW0058' failed. (Virtual machine ID XXX)

In VM Eventlog (InGuest)

EventID 8229, Application:
A VSS writer has rejected an event with error 0x800423f4, The writer experienced a non-transient error. If the backup process is retried, the error is likely to reoccur...
Operation: PrepareForSnapshot Event

Cause

The Cause is unknown.

Solution

Run the following commands in the VM (InGuest):

Stop-Service EventSystem -Force
Restart-Service VSS
Start-Sleep -Seconds 2
Start-Service EventSystem
Start-Service SENS