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    IVA Glossary > Members' Voluntary Liquidation (MVL)
    Members' Voluntary Liquidation (MVL)

    A solvent liquidation where the shareholders appoint the liquidator to realise assets and settle all the company's debts in full within 12 months.

    (Please Note: The definitions are not intended to be exhaustive summaries of the Law. They are based on material from The Insolvency Act 1986 , and other Acts dealing with this subject.)

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