A Voluntary Liquidation is a liquidation of a limited company that is put in place by its directors and shareholders.
There are two types:
Members’ Voluntary Liquidation is when the company is liquidated by the directors when it is solvent and can pay all of its debts in full within 12 months.
Creditors’ Voluntary Liquidation is when directors liquidate the company when it is insolvent and cannot pay all of its debts now or at any foreseeable time in the future.
You do not have to read up on the exact rules and regulations regarding the different types of Voluntary Liquidation – it is our job to know the law inside and out. Our experts have many years of experience and will tell you all you need to know without bombarding you with complicated information and misleading legal jargon.