I am looking to close my company via an MVL but the DLA balance is £62,007. I understand many liquidators require that all debts be repaid before getting involved in case of unexpected liabilities. My company's retained profit is around £65,000, so it would be used to pay off the loan. Given that it would be easier for me to not repay the loan to the company, is there any way of doing this with an MVL? In other words, does anyone know of a reliable/reputable liquidator that would do this?
PS: Not interested in Internet arguments or holier-than-thou opinions here. The above are the facts, just need simple answers please. If it can't be done, I'll repay the loan. Many thanks.
PS: Not interested in Internet arguments or holier-than-thou opinions here. The above are the facts, just need simple answers please. If it can't be done, I'll repay the loan. Many thanks.
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