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Key definition
Liquidator definition

What does Liquidator mean? A liquidator is the licensed insolvency practitioner who, once a company goes into liquidation, takes control of its affairs, realises assets, pays creditors in the statutory order of priority, and brings the company to dissolution. The role is governed by statute: insolvency Act 1986 (England & Wales and Scotland), Insolvency (Northern Ireland) Order 1989, and Companies Act 2014 (Ireland). Appointment depends on the process: in a creditors’ voluntary liquidation creditors choose the liquidator; in a members’ voluntary liquidation members appoint (after a declaration of solvency), with conversion to a CVL if insolvency emerges; in compulsory liquidation court appoints....

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Members’ Voluntary Liquidation: Company information and documents for the liquidator, with guidance on solvency assessment, early shareholder distributions, indemnities and SIP 9 remuneration disclosures

Practice notes
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Before any appointment is made, the central matter to agree with the nominated liquidator is the company’s real position on solvency.

For further detail, see Checklist: directors' due diligence questionnaire and guidance before swearing a statutory declaration of solvency for a members' voluntary liquidation.

Documents and information to be provided to the liquidator by the company

To confirm the company’s true financial standing, provide the nominated liquidator with the following:

  • a current schedule of the company’s assets and liabilities. Where the company has ceased trading, compile the schedule up to the date trading ceased...
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Simon Hunter
Simon Hunter

Simon was called to the Bar in 2009 and practices in chancery and commercial law from Three Stone. His practice has a particular emphasis on insolvency and property, but takes in the full range of chancery and commercial work done in his chambers. ...

Web page updated on 21/05/2026

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