Members' Voluntary Liquidation (MVL) IVA Glossary
What is 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.
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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