What happens to a director of a company in liquidation?
When a company goes into liquidation, the director of the company will be investigated to determine whether or not they were liable
How to Liquidate a Company Yourself
Company Liquidation may be the best option for your business if you’re experiencing financial issues or are approaching insolvency. It is crucial
What is the Order of Creditors in Liquidation?
An insolvent liquidation procedure involves the sale of assets and distribution of the proceeds amongst company creditors. An insolvency practitioner is appointed
I need an Insolvency Practitioner (IP) to close my company but I am concerned that I am unable to afford the fees
If your company has entered insolvency and there is no possibility of returning to profitability, you will need to repay your creditors
How does a Compulsory Liquidation compare to a Voluntary Liquidation?
Both Compulsory and Voluntary Liquidation are serious processes that result in a company being wound up and dissolved. One process is decided
Statutory Demand: What is it and how does it work?
In brief, a statutory demand is a requirement made by a creditor for payment of an overdue debt against either a company
What is a ‘CVA’?
A ‘CVA’ is a Company Voluntary Arrangement with creditors, which allows the business to pay its debts off over a fixed period