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declaration of solvency

This topic has 1 reply, 2 voices, and was last updated 10 years ago by MikeLittle.

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December 7, 2013 at 8:34 pm #151560
bik123
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hi
is declaration of solvency(statement needed to carry member voluntary winding up ) and solvency statement(needed to reduce capital by private company without applying to the court) the same thing?
December 8, 2013 at 3:43 pm #151639
MikeLittle
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Effectively, yes. They are both seeking to show that the company is in a sound enough financial position that the creditors’ interests will not be adversely affected
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