Voluntary Liquidations
Information related to Voluntary Liquidations
Voluntary Liquidation by members
In case the company is solvent (able to pay its debts), the majority of the directors submit a sworn Declaration of Solvency. Subsequently the company takes a resolution for its voluntary liquidation and appoints an Insolvency Practitioner as liquidator.
Voluntary Liquidation by creditors
In case the company is insolvent (cannot repay its debts), takes a resolution for its voluntary liquidation and appoints an Insolvency Practitioner as liquidator. The resolution is then validated by creditors at a meeting of creditors convened for that purpose.
Applications and forms related to Voluntary Liquidations
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