Members’ Voluntary liquidations
Members’ Voluntary liquidations
A solvent liquidation, also known as a members’ voluntary liquidation or members’ voluntary winding up, occurs when the shareholders decide to put the company that has sufficient assets to pay all its debts into liquidation.
A solvent liquidation may be appropriate for various reasons. For example, you may want to retire and do not want to sell, or cannot find a buyer for, your business or you are stepping down from a family business and there is no successor. A members’ voluntary liquidation can also generate significant tax savings.
No one wants to consider that their business may one day require the services of an insolvency practitioner, but where you suspect that you or your company may be in financial distress it is important that you take action quickly.
Businesses experiencing cash flow issues, management disputes, unmanageable debts or other symptoms associated with business stress should seek immediate expert support.
We can help assess and check your business for these indicators so that our experienced team can explore all viable alternatives to insolvency.
We have a proven track record in assisting businesses to recover, restructure or refinance, as well as helping to put in place sustainable financial strategies.
At Haslers, we have worked and continue to support a number of insolvent businesses and individuals, often helping them to recover their business, conduct meetings with creditors or find the most
To find out more about how Members’ Voluntary liquidations and to book your free no obligation consultation, please contact us. We would be delighted to hear from you.
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