Whether you’re an employee owed wages by a company in liquidation, or a supplier seeking payment from an outstanding debtor on the brink of external administration, if a company owes you money you’re a creditor of that company.
Topics: Company Liquidation, Business Debt, reduce business debt, Liquidation
Let us clear up why business liquidation is the right decision. If you're wondering if you should even bother liquidating your company, here are some very good reasons to do it.
Topics: Company Liquidation, Business Debt, Liquidation
A company begins the Voluntary Liquidation process when its owners and shareholders agree it is insolvent and that there is little chance of a restructure making it solvent again.
Topics: Company Liquidation, Business Debt, Liquidation
A creditor can recover money owed by a company in a number of ways. As a director, you need to know your rights and obligations if those debt collection processes expose your company to legal action and enforcement.
Topics: Company Liquidation, Business Debt, Liquidation
So you’ve read up on how to choose the right Liquidator, spoken to one, and determined that liquidation is the best option for your company. What happens next?
Topics: Company Liquidation, Business Debt, Liquidation