Members’ Voluntary Liquidation

This is when the decision of liquidation is made by the shareholders of the company, and the assets will be enough to pay off all the company’s debts; in other words, the company is solvent.

Compulsory Liquidation

This is when the has the wholesaler of closeouts wound up on the petition of a suit, but if there is more than on they will all have to present the petition as only one director cannot present it on his own.

Creditors’ Voluntary Liquidation is good if you buy truckloads

This happens when the of the company are the ones to decide that their company be put into liquidation, but there are not enough assets to pay off the debt of the company, this means the company is insolvent.

Before considering liquidation, seek advice from a financial advisor, they will tell you what you ptions you have to get pallets from department stores