What is the Liquidation Process?
If you're eligible and want to place your company into a Creditors Voluntary Liquidation, get in touch with Cheap Liquidation today. Call us on 0330 341 1285 to arrange your free, no-obligation confidential consultation.
Once formally instructed, we'll begin the process of liquidating your company.
A board meeting will be arranged to:
- Agree the director who will act as the convener of the decision procedures
- Set the date and time of the creditors and shareholders' decision procedures
- Verify a statement of the company's assets and liabilities
- Sign notices to shareholders and creditors proposing the closure of the company
If you’re still operating, your company will cease trading on the appointment of your liquidator. Your powers and responsibilities as a director will end at this stage, and your liquidator will now handle company matters. So you’ll no longer need to speak with any creditors.
Along with managing creditors, your liquidator will deal with the sale of any company assets and take charge of the company’s books and records.
Call us on 03303 411 285 today for more information or advice.
If the sale of your business is negotiated before it goes into liquidation, this is informally known as pre-pack liquidation. Following an independent valuation of the company, your appointed liquidator will complete a sale of the business.
This sale can be to the existing owners of the business, and they can then continue to operate the new company without hassle from creditors.
Call us on 03303 411 285 today for more information or advice.
- Gives you creditor protection
- A debt-free new company
- Continue to trade
- The best option for creditors
- Sale can be subject to deferred terms
- Can safeguard jobs
Call us on 03303 411 285 today for more information or advice.
- An independent valuation of your business
- A better resolution for creditors
- An insolvent company
Call us on 03303 411 285 today for more information or advice.
Speak to a Cheap Liquidation insolvency expert for a free non obligational consultation.
0330 341 1285Instruct Cheap Liquidation for your hassle-free liquidation now.
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