Liquidations

1. Members’ Voluntary Liquidation

This form of liquidation is initiated by the shareholders of solvent companies.
A Members’ Voluntary Liquidation is a tax efficient method of extracting the value from a company which has served its purpose or from which its directors have decided to retire.
This tax advantage arises from the fact that final distributions to shareholders (after tax free termination and pension payments if applicable) in a Members’ Voluntary Liquidation are taxed at Capital Gains Tax Rates (currently 25%) as opposed to their marginal Income Tax Rate.
Company assets can be transferred directly to shareholders as part of their distributions.
Amatino Partners can advise shareholders on their Members’ Voluntary Liquidation and act as liquidator.

For a free, no obligation quotation on your Members’ Voluntary Liquidation contact Barry Kieran barry@amatino.ie

2. Creditors Voluntary Liquidation

A Creditors’ Voluntary Liquidation is generally initiated by the company directors where they become aware that their company is insolvent and will be unable to pay its debts in full.
The directors of the company will pass a resolution to place the company in liquidation and notify the company’s creditors. A creditors meeting will then be held at which the directors will present a statement of affairs for the company, and a liquidator & committee of inspection will be appointed by the creditors.


At Amatino Partners we can advise company directors on the process of placing a company in Creditors’ Voluntary Liquidation and of their duties & responsibilities throughout.
We can also act as liquidator.

For further information on Creditors’ Voluntary Liquidations please contact Barry Kieran barry@amatino.ie  

3. Court Liquidation

This occurs where a liquidator is appointed to a company by virtue of a High Court Order.
The High Court will make such an order as a result of a petition to wind up the company. This petition can be made by any shareholder, director or creditor of the company.
These petitions are most commonly used by creditors seeking to recover their debt from the company especially if they feel there is a danger of company assets being dissipated.

For further information on Court Liquidations please contact Barry Kieran barry@amatino.ie