What Happens to Debt When a Company is Dissolved?
What happens to debt when a company is dissolved? When you dissolve a limited company, whether through Members’ Voluntary Liquidation (MVL) or voluntary strike-off, any debts that are still owed must be repaid. Members’ Voluntary Liquidation is administered by a licensed insolvency practitioner (IP) who ensures that creditors are repaid in full. Read more on … Read more