Whenever I have Virtualbox running, I cannot start an Android emulator image (and vice versa). The error message in the AVD manager is
ioctl(KVM_CREATE_VM) f
Though it's a workaround either, but definitely better than disabling KVM as everyone suggesting.
Just run the virtualbox guest in KVM instead. For example (kvm here is just a script running a qemu-system-x86_64 -enable-kvm):
kvm
qemu-system-x86_64 -enable-kvm
kvm Win7.vdi -boot c -m 2G -vga qxl