Members Voluntary Liquidation [MVL]

A members voluntary liquidation procedure can be applied where the directors/shareholders of the company decide to close the company. A members voluntary liquidation [MVL] applies where a company is solvent and is able to pay off its debts. The reasons

Liquidation Process and Procedure

The liquidation process, also called a winding up procedure, results in the company ceasing to trade and being legally dissolved. The process of liquidation does vary depending on the type of liquidation but can be summarised as: Company ceases to