Like its cousin, the CVL, the company is placed into liquidation but usually by a creditor who has petitioned the
Service Category: Company
Members’ Voluntary Liquidation (MVL)
A members’ voluntary liquidation (MVL) also ends a company’s life but when it is solvent – ie able to pay
Creditors’ Voluntary Liquidation (CVL)
A creditors’ voluntary liquidation (CVL) ends a company’s life, but it can provide for all or part of the business