Compulsory Liquidation

• Licenced Business Rescue Experts
• Helping Directors in Debt
• Same Day Advice

For free expert advice, send us a message and we’ll be in touch

With a free consultation you will:

• Find out how to manage creditors
• Discover your options
• Figure out the best solution for you
• Assess whether Liquidation is the best option

Your data is secure

It’s completely free and you have no obligation

What is Compulsory Liquidation?

A compulsory liquidation is a form of liquidating a company which involves the courts. It happens when a winding-up petition has been issued by a creditor of an insolvent company, due to a debt not being satisfied.

How does a Compulsory Liquidation start?

After the aforementioned winding-up petition is heard at a winding-up hearing, a judge has the authority to make a winding-up order, which will place the company into compulsory liquidation.

Can I choose my Liquidator in a Compulsory Liquidation?

In cases where the process has progressed to the point that you have had a compulsory liquidation issued against you, it is not open for you to decide the liquidator yourself.

This will be decided by the courts who issued the compulsory liquidation.

How does a Compulsory Liquidation proceed?

At this point, the liquidation process will follow in the same manner as many others, albeit with less input from yourselves, given that the liquidation and liquidator have both been enforced on you by the courts.

Company Liquidation Quote

How much will it cost to liquidate your business?

Find out now