Members’ Voluntary Liquidations
A Member’s Voluntary Liquidation is a procedure that can only be used when a limited company is solvent.
It is the members, i.e. the company shareholders, that control the liquidation process hence the name ‘Members Voluntary Liquidation’.
The company’s assets should be sufficient to pay all debts in full, interest on those debts and the cost associated with the liquidation.
David McClean and Lisa Lappin of Baker Tilly Mooney Moore are licensed Insolvency Practitioners and offer a cost-effective package providing a clear, practical and professional service.
We are the first choice for referrals by a number of professional advisers in Northern Ireland and would welcome the opportunity to provide a quotation based upon your company’s specific circumstances.
There are many other reasons why directors/shareholders may wish to place a company into Members’ Voluntary Liquidation. Such may include the realisation that a major contract will not be renewed, the retirement of the sole director and shareholder, a disagreement between the directors and shareholders, or completion of a project for which the company was set up.
To find out more or to arrange a free consultation without any obligation please contact:
Restructuring and insolvency
Creditor Services is an integral part of the Business Recovery & Insolvency department. Building on the foundations of the technical knowledge and experience within the team, our Creditor Services division provides advice and support to individuals, company directors and professional advisors where they or their clients are impacted by the insolvency of another party eg. a customer, supplier, employee etc.