Liquidation

Voluntary Liquidation in England

Why Did England and Wales Experience a Record Number of Voluntary Liquidations in 2022?

Navigating the economy as a business has always been challenging. This is because there are always issues beyond an organisation’s control that can affect how consumers engage with them and the value of the products and services they sell. This has always been the case, but it hit unprecedented heights in 2020 as the coronavirus …

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How to Liquidate an Estate’s Securities and Real Estate in the United Kingdom?

An estate administrator has a number of different responsibilities, but one of their main roles is to liquidate (which means to distribute or sell) the assets of an estate. Such liquidation can be helpful when it comes to paying off any debts that have been racked up by the estate, as well as expenses they …

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What Can Simple Liquidation Do for Your Business?

Liquidating your company can often be a stressful task. This doesn’t have to be the case, though. Simple Liquidation was set up to help so directors like yourself can do it quickly and efficiently. Each of our liquidators is authorised by the Insolvency Practitioners Association and the Institute of Chartered Accountants in England and Wales. …

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What Are the Different Purposes & Types of Liquidation in the United Kingdom?

There are different types of liquidation that exist in the UK, and each of these forms of liquidation could be used depending on what the business’s circumstances are. Specific circumstances apply to specific procedures, and one of the first things to consider is whether the organisation in question is solvent or insolvent. A solvent company …

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Liquidation vs Administration – What Should You Consider for Your Business?

Company insolvency is not an easy situation to deal with; what’s also a difficult decision is deciding which route to take to resolve the situation. Is it better to liquidate the company and use its assets to pay back creditors? Alternatively, if the company is worth saving, is administration a better option to give your …

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Why You Should Consider Simple Liquidation for CVL & MVL in the United Kingdom

Having to admit insolvency and face liquidation is not easy for any company director. No liquidation process is easy but what will make the process simpler is professional liquidation solicitors. When entering into a CVL (Creditors Voluntary Liquidation) or an MVL (Members’ Voluntary Liquidation) process, it must be handled by a licensed insolvency practitioner (IP) …

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What is a Creditors’ Liquidation Meeting and What Does it Mean for your Business?

With any voluntary or compulsory liquidation process for an insolvent company that’s being chased by creditors, the liquidator will call a creditors’ meeting. Once it has been agreed with the board of directors that a voluntary liquidation is the best route, the liquidator agrees a suitable date and time for the creditors’ meeting. This usually …

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How Creditors Voluntary Liquidation Works and the Effect on the Business?

When a business is suffering from debts they cannot honour and creditors are demanding payment, the directors of the business are often in the position of having to consider liquidating the company. In some cases, creditors will have petitioned the court and forced the company into compulsory liquidation. However, if it hasn’t got that far, …

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