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Should a majority of the company directors not wish to liquidate, they can petition the court. They must file their decision to dispute the shareholders?demand will be filed at Companies House and the pressure will be on the directors to prove that they have reviewed their company s financial situation and found it to be in order. https://tovuzretail.com/ Creditors' Voluntary Liquidation occurs when the company shareholders determine that a company in which they hold shares does not have enough assets to repay its creditors. This is the most common way that companies liquidate. In this instance, the directors and/or shareholders make the decision to liquidate. They then appoint a licensed insolvency practitioner to assess and appropriate the company assets and distribute them to its creditors. Why would a company voluntarily liquidate? There are three main reasons for a company to choose to liquidate. The first and most common reason is that the company is simply insolvent. It ca