Liquidating a company

These are a rule of thumb, you really do need to talk to us to make sure, but in essence Voluntary Liquidation is right if: If you feel Dissolution may be an alternative to explore then have a look at our Dissolution Section here.

First things first, you’re going to need a Liquidator.

Before going into how you Liquidate a company, you need to make sure the Liquidation is actually the right path for you.The procedure is usually handled by the Official Receiver, or an appointed Insolvency Practitioner.Therefore, this is not a voluntary process for directors.If this is the first time you have considered Liquidating your business, it must feel very worrying.So many different things to consider, concern about whether you have run the company properly and still trying to deal with creditors – but hey, that’s why we exist.This is not the same as its debts being discharged, as happens when an individual files for Chapter 7.

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