LiquidationForums › Ask ACCA Tutor Forums › Ask the Tutor ACCA LW Exams › LiquidationThis topic has 1 reply, 2 voices, and was last updated 3 years ago by Vijay.Viewing 2 posts - 1 through 2 (of 2 total) AuthorPosts March 14, 2021 at 2:55 pm #614417 Faizahmad1009ParticipantTopics: 34Replies: 20☆☆Sir, VijayCan you please explain the two types of voluntary liquidation? Can you please also explain compulsory liquidation? March 20, 2021 at 9:33 pm #614851 VijayMemberTopics: 0Replies: 258☆☆☆HiCompulsory Liquidation is when the Court makes an order to wind up the company. So there is a court hearing and a court order.Voluntary Liquidation is when the shareholders pass a special resolution to wind up the company not the court!2 Types of Voluntary- MVL and CVLMVL – the company is solvent CVL the company is insolvent.Does this help clarify?Kind regards,VijayAuthorPostsViewing 2 posts - 1 through 2 (of 2 total)You must be logged in to reply to this topic.Log In Username: Password: Keep me signed in Log In