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Members voluntary liquidation (MVL)

This is a solvent liquidation used to bring an end to a business.  Creditors are paid in full and employees receive their full entitlements.

To commence the process the directors call meetings of shareholders to place the company into liquidation.  At these meetings a liquidator is appointed to look after the affairs of the company.  

These meetings are usually set up with the help of an Insolvency Practitioner.

An MVL provides some protection to shreholders should a creditor later surface and can be used for tax restructuring.

Contact us if you require assistance in placing your business into solvent liquidation

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