Members’ Voluntary Liquidation
Winding Up a Solvent Business
As life changes, so do our priorities and future plans. Your future plans may not involve running a business anymore and it may be time to wind up its affairs.
A Members’ Voluntary Liquidation is only suitable for solvent businesses. It is a formal process where the company’s outstanding matters are settled, all assets are realised, all statutory clearances are obtained and the company will ultimately be deregistered. There are requirements to a Members’ Voluntary Liquidation, including the directors of the company signing a declaration of solvency. This declaration will state that the company will be able to pay all its debts in full within 12 months of the commencement of the wind up.
During a Members’ Voluntary Liquidation, Insolvency Options are qualified to act as a Liquidator in the process of winding up your business’ affairs. We ensure that the outcome is cost effective and beneficial to all stakeholders.
As with winding up any venture or business, there are a few steps involved. Insolvency Options will help you through each step to achieve a successful result. If you are unsure if your company is solvent or if a Members’ Voluntary Liquidation is the best option for your business, call our team on 1800 463 328.
Frequently Asked Questions
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Insolvency Options are your expert advisors when it comes to debt solutions and business needs. We provide the tools and information you need to make the best decision so we can get the best outcome for you.
Insolvency Options are the experts you can turn to when you need help.
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We know taking the first step to call for help is not easy.
Our initial step in your consultation is to listen to best try and understand your situation. Your confidentiality is just as important to us as it is to you.
Our consultation also covers what your options are; the benefits, considerations, costs and expected outcomes of each option. Anything that you have disclosed to us during this consultation is kept completely confidential.