Voluntary Liquidation Definition

Voluntary Liquidation is a corporate liquidation which has been approved by the shareholders from the company. Voluntary liquidation could also happen if a crucial member of the provider leaves the company and the shareholders decide not to ever continue operations. Through voluntarily liquidating your companies’ business in addition to assets, the company could better provide its shareholders having a higher euro amount caused by the sale. In the compulsory liquidation, an unpaid collector or bank obtains from the courts an purchase to liquidate send out assets and pay the creditors as priority.