Liquidation

Simple Team

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 a voluntary liquidation is the best route, the liquidator agrees a suitable date and time for the creditors’ meeting. This usually …

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know when to walk away

How Creditors Voluntary Liquidation Works and the Effect on the Business?

When a business is suffering from debts they cannot honour and creditors are demanding payment, the directors of the business are often in the position of having to consider liquidating the company. In some cases, creditors will have petitioned the court and forced the company into compulsory liquidation. However, if it hasn’t got that far, …

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Solvent Liquidation in UK

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

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 …

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

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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