You might consider voluntary liquidation if your business is struggling to pay its debts or is no longer profitable. It can help you stop accumulating further financial losses and allows you to close the company in a controlled way. This process provides legal protection against creditors and prevents them from forcing you into involuntary liquidation. It can also be a strategy for exiting the business if you're ready to retire or pursue other opportunities. Voluntary liquidation allows you to manage the sale of assets, settle debts, and end the company while minimizing personal liability.