Liquidation Services in Ireland

At Fitzwilliam Corporate, we specialize in guiding businesses through the complexities of liquidation. Whether your company is solvent or insolvent, facing court orders, or voluntarily winding up, we offer expert assistance tailored to your specific needs. Our comprehensive services ensure that every step of the liquidation process is managed efficiently and in compliance with legal requirements. Explore the various types of liquidation processes below to understand which is right for your situation.

Members Voluntary Liquidation (MVL)

Members Voluntary Liquidation (MVL) is designed for solvent companies looking to wind up their operations in an orderly fashion. Directors must first declare the company’s solvency and its ability to settle all debts within 12 months. Following this, a special resolution is required to appoint a liquidator and commence the process. For detailed guidance on MVL, including forms and statutory requirements, please visit our Members Voluntary Liquidation page.

Creditors’ Voluntary Liquidation (CVL)

Creditors’ Voluntary Liquidation (CVL) is initiated when a company is unable to pay its debts as they fall due. This process starts with the directors presenting an Estimated Statement of Affairs and a Chairman’s Statement at a creditors’ meeting. The appointed liquidator takes over the management of the company’s financial matters, including dealing with creditors and asset realization. Learn more about CVL procedures and director responsibilities on our Creditors’ Voluntary Liquidation page.

Court Liquidation or Winding Up

Court Liquidation, or winding up by the Court, involves the High Court ordering the dissolution of a company. This typically occurs when a petition is filed by a member, creditor, or the Minister. The process includes filing a petition, delivering court orders, and following specific reporting requirements. The Court may direct that the liquidation proceed similarly to a Creditors’ Voluntary Winding Up. For more information on court-ordered liquidation and its procedures, visit our Court Liquidation page.