liquidation and insolvency

Simple Team

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 to liquidate a company

How to Liquidate a Company and Can I Do It Myself?

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 …

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creditors liquidating meeting

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 voluntary liquidation is the best route, the liquidator agrees a suitable date and time for the creditors’ meeting. This usually takes …

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Insolvency & Liquidation

Liquidation and Insolvency Advice for Company Owners & Individuals

Whether it is a limited company, limited liability company, partnership of sole trader, dealing with mounting debts, pressure from creditors and HMRC, not being able to meet financial commitments is an incredibly stressful, worrying time. Often directors end up going round in circles not knowing what to do. Well, the first port of call is …

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The Working of A Creditors Voluntary Liquidation

No company director likes being in the position of having to make the decision to enter into a Creditors Voluntary Liquidation (CVL). Whilst an insolvency practitioner is experienced in finding ways for companies to avoid what seems like an inevitability, sometimes it is just not possible to save the company. When in this scenario, with …

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