Whether a company is solvent or insolvent, it is not possible to liquidate a company yourself. Any company liquidation must be handled by a licensed insolvency practitioner (IP). Unless the company has been issued with a winding up petition by a creditor, the directors of the company make the decision to liquidate it and instruct …
How to Liquidate a Company and Can I Do It Myself? Read More »
Many company directors in the UK have never faced the prospect of being unable to pay their creditors, nor having to deal with insolvency. But 2020 has been a year of firsts for many businesses across the UK. For directors, it’s tough enough to admit there is a problem and to seek advice. It’s even …
In the UK, winding up a company, any liquidation process and some debt management or business rescue arrangements must be handled by a licensed insolvency practitioner, or IP. An IP is authorised, according to the provisions of the Insolvency Act 1986, to handle individual and company solvency and insolvency matters. Who can act as an …
Simple Liquidation
