A liquidation that is supported by a company's shareholders, as opposed to an involuntary liquidation forced by Chapter 7 bankruptcy. A voluntary liquidation can occur in two situations. One is a members' voluntary liquidation when the directors of a solvent company decide to liquidate the company (with shareholder approval), and declare that they will be able to fulfill all creditor obligations in 12 months. The other situation is a creditors' voluntary liquidation, when the directors approach an insolvency professional for assistance in liquidation since they will not be able to fulfill creditors' obligations.
Related information about voluntary liquidation:
- Liquidation - Wikipedia, the free encyclopedia
2 Voluntary liquidation; 3 Misconduct; 4 Priority of claims; 5 Dissolution; 6 Striking ... Voluntary liquidation occurs when the members of the company resolve to ...
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Definition of voluntary liquidation: A liquidation that is supported by a company's shareholders, as opposed to an involuntary liquidation forced by Chapter 7 ...
- Voluntary Liquidation Definition | Investopedia
A corporate liquidation that has been approved by the shareholders of the company. Voluntary liquidations stand in contrast to involuntary liquidations, which ...
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Brief and Straightforward Guide: What is Voluntary Liquidation?
- voluntary liquidation - The Free Dictionary
voluntary liquidation n (Comm) → liquidazione f volontaria. Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to ...
- Voluntary Liquidation - Financial Dictionary - The Free Dictionary
Liquidation proceedings that are supported by a company's shareholders. Voluntary Liquidation. The decision by shareholders in a publicly-traded company to ...
- What is members' voluntary liquidation? definition and meaning
Definition of members' voluntary liquidation: Liquidation of a solvent firm by adoption of a resolution for voluntary winding up of the business by its shareholders ...
- voluntary liquidation procedures for federal credit unions - NCUA
This manual cancels the previous Voluntary Liquidation Procedure for ... A voluntary liquidation is the dissolution of a solvent federal credit union with the ...