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When a company has ceased to trade
and is solvent some mechanism has to be available to realise
the assets, pay the creditors and return the surplus to the
shareholders.
That procedure is known as a Members
Voluntary Liquidation.
The MVL procedure is particularly
used when there are several interested shareholders and they
require the intervention of a practitioner to ensure that
the correct amount is distributed to each party.
If there is only one shareholder,
however, an alternative approach
may be the best and cheapest route to follow.
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