Members' voluntary liquidation

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Members' voluntary liquidation guidance:

Brexit impact As of exit day (31 January 2020) the UK is no longer an EU Member State. However, in accordance with the Withdrawal Agreement, the UK has entered an...

Practice Note

This Practice Note sets out the position from 6 April 2017. The resolution to wind-up—members and creditors’ voluntary winding-up A company may only enter voluntary...

Practice Note

Process and effect 'Liquidation' or 'winding-up' is the process by which the affairs of a company and the company’s existence are brought to an end. When a company is...

Practice Note

Advantages of MVL A members’ voluntary liquidation (MVL) is a much-used, versatile process as the timing and strategy of the liquidation is initially in the hands of the...

Practice Note

Advantages of MVLs An MVL is a much-used, versatile process as the timing and strategy of the liquidation is initially in the hands of the shareholders and then, on...

Practice Note

The primary issue to establish with the nominated liquidator prior to any appointment is the true position of the company as to its solvency. For more information see:...

Practice Note

On 6 April 2017 the Insolvency (England and Wales) Rules 2016 (IR 2016), SI 2016/1024 replaced the Insolvency Rules 1986 (IR 1986), SI 1986/1925. This Practice Note sets...

Practice Note

The role and function of a liquidator A liquidator is the officer appointed when a company goes into liquidation who has responsibility for collecting in all of the...

Practice Note

This Practice Note has been archived and is not maintained. The Insolvency (England and Wales) Rules 2016, SI 2016/1024 (IR 2016) were laid before Parliament on 25...

Practice Note

On 6 April 2017 the Insolvency (England and Wales) Rules 2016 (IR 2016), SI 2016/1024 replaced the Insolvency Rules 1986 (IR 1986), SI 1986/1925. For further reading,...

Practice Note

Members’ voluntary liquidations Voluntary liquidation or winding-up is a process in which the company, through the resolution of its members, decides to end the...

Practice Note

Statutory declaration of solvency A company enters voluntary liquidation when the members of the company vote to do so by a special resolution. For more information, see...

Practice Note

A members' voluntary liquidation (MVL) occurs when a company is solvent and the company wants an orderly wind-up of the company. For more detail, see Practice Note: What...

Practice Note