Definitions for "voluntary liquidation"
A liquidation that is supported by a companys shareholders, as opposed to an...
A method of Liquidation not involving the Courts or the Official Receiver. There are two types of Voluntary Liquidation: Members Voluntary Liquidation for Solvent Companies and Creditors Voluntary Liquidation for insolvent companies.
See creditor's voluntary liquidation and members' voluntary liquidation.
Keywords:  chooses, stop, sell, trading, debts
when an organization chooses to stop trading, sell its assets, and pay its debts.