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What is the difference between members voluntary liquidation and creditors voluntary liquidation?

April 26, 2017Creditors difference Liquidation members Voluntary

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What is the difference between members voluntary liquidation and creditors voluntary liquidation?

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MVL occurs when the members of a company decide to put it into liquidation. The company is solvent and has enough money to pay everyone in full. The process involved in MVL is similar to that of insolvent liquidation, except the company directors will not be investigated.