What Is Voluntary Liquidation? Posted By: Mike Simister

In contrast to Compulsory Liquidation, which is initiated through a court order, Voluntary Liquidation is, as the name implies, undertaken voluntarily. Either the shareholders of a company initiate voluntary proceedings or the company directors undertake them. The legal formalities differ in each case, but in either case, the services of a licensed insolvency professional will be employed. Members

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What Is Voluntary Liquidation? Posted By: Mike Simister

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