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For a solvent company the process is called:
  • A Members Voluntary Liquidation.

    For an insolvent company there are two processes:
  • A Creditors Voluntary Liquidation
  • A Compulsory Liquidation

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  • CVL

    The voluntary liquidation option for an insolvent company is called a Creditors' Voluntary Liquidation and is the most common form of insolvent liquidation companies choose when faced with insolvency problems.


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    MVL

    If you own a solvent company and wish to either dissolve or restructure it then a Members' Voluntary Liquidation is a process which can aid in this voluntary procedure. It will last a maximum of 12 months.


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    Compulsory

    This option is a more aggressive form of liquidation for an insolvent company. The process is Court-led and is usually started by an angry creditor. This process will not be a benefit to any party involved.


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