There are three types of liquidation process.
Compulsory liquidation is a Court based procedure involving the submission of a formal winding-up petition to the Court.
Voluntary liquidation is undertaken at the instigation of a company’s Directors and requires a resolution of the company’s shareholders. It will either be solvent (a members’ voluntary liquidation) or insolvent (a creditors’ voluntary liquidation).
Yerrill Murphy can accept instructions in relation to either voluntary liquidation procedure.