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Category: Liquidation

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Liquidation

A Guide to Understanding What Happens to Company Assets During Liquidation

As a company director, it is essential to know what happens to your company’s assets during the liquidation process. Liquidation is a process of selling off all company assets to pay off debtors or creditors. The process can either be voluntary or involuntary, and it is usually initiated when a company can no longer pay […]

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By Robin Tarling

Liquidation

Understanding the 4 Stages of Liquidation – A Guide for Business Directors

There are normally between 1,500 and 2,000 company voluntary liquidations each month, and it is a sad reality that many directors will find themselves needing to do this at some point.  To most this will be an unknown process and the task of taking a company into liquidation can seem overwhelming, especially if directors are […]

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By Robin Tarling

Liquidation

What questions should I ask when appointing a liquidator for my company?

Choosing a liquidator for your company is not an easy decision. This person will be responsible for the financial and legal aspects of winding up your business, so you need to make sure you choose the right person for the job. In this blog, we’ll discuss the questions you need to ask when appointing a […]

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By Robin Tarling

Liquidation

Preparing Your Company for Liquidation: A Guide for Company Directors

Liquidation is not something any company director wants to deal with. It can be a tough decision to make, but it is one that may be necessary to close your company and overcome financial difficulties. There are steps that company directors can take to prepare for liquidation and minimize the risks associated with it. In […]

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By Robin Tarling

Liquidation

How to Liquidate a Company: A Comprehensive Guide for Company Directors

As a company director, the decision to liquidate your business can be a difficult one. It can be a stressful and emotional process, but it can also be necessary to ensure that the company’s debts are paid off and its assets are distributed fairly. In this blog post, we will provide a comprehensive guide on […]

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By Robin Tarling

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Liquidation

What is a Company Liquidation?

When a company becomes insolvent, directors need to take appropriate action to deal with the situation, which is usually to cease trading and close the company down.  It won’t be possible to simply dissolve the company at Companies House using a voluntary strike-off application, since this is likely to be opposed by creditors of the […]

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By Robin Tarling

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Liquidation

Frequently asked questions about Liquidations

What is a Creditors’ Voluntary Liquidation? Creditors’ Voluntary Liquidation (CVL) is the process where the Directors of an insolvent company can voluntarily take steps to wind up the company. The Directors call a meeting of the company’s shareholders to consider resolutions to wind up the company and decide on a decision procedure for creditors to […]

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By Aftab Zahoor

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Liquidation

How to Liquidate my Company

Introduction There are 2 ways a company can go into liquidation.  The first and most common way is voluntarily, by the directors and shareholders – this is known as a Creditors’ Voluntary Liquidation (CVL).  The second way is a compulsory liquidation and is when a creditor or shareholder files a petition at court to wind […]

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By Robin Tarling

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