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solvent company liquidation

What is the Role and Purpose of Voluntary Solvent Liquidation?

When a company goes into liquidation, it’s not always because of insolvency. There are times when a solvent company opts for liquidation on a voluntary basis. This form of voluntary solvent liquidation is known as a Members’ Voluntary Liquidation (MVL) and is a legal liquidation process to wind up a solvent company. Why choose a …

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creditors liquidating meeting 123

What is a Creditors’ Liquidation Meeting and What Does it Mean for your Business?

With any voluntary or compulsory liquidation process for an insolvent company that’s being chased by creditors, the liquidator will call a creditors’ meeting. Once it has been agreed with the board of directors that voluntary liquidation is the best route, the liquidator agrees a suitable date and time for the creditors’ meeting. This usually takes …

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members liquidation process

What is a Members Voluntary Liquidation Process and How Can it Help?

Should a solvent limited company wish to liquidate for whatever reason, there is a specific procedure to follow, and that’s a Members Voluntary Liquidation (MVL). It is the process whereby a liquidator is appointed to ensure the company has no outstanding liabilities, and the assets are realised with the funds distributed to the shareholders. An …

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Licensed Insolvency

What is a Licensed Insolvency Practitioner and What are Their Duties?

For any company struggling with debt or facing insolvency, bankruptcy or administration, the first port of call is a licensed insolvency practitioner, or IP. Despite the title, an IP isn’t there to handle company insolvency liquidations, such as Creditors Voluntary Liquidation (CVL), Company Voluntary Arrangements (CVA) or Compulsory Liquidation. They are also there to help …

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