Liquidation
Liquidation is a process used to bring a company's life to an end. The company property is realised, the creditors paid out in a fixed order of priority and the surplus, if any, is distributed among the shareholders according to the constitution of the company or according to the Companies Act 1993. When these steps have been carried out the company is removed from the Companies Register.
Receiverships
Appointing a receiver enables secured creditors to protect their interests in the assets that constitute the security and, if necessary, to realise those assets to satisfy the debt owing to them. Appointment is by a person or business that holds a deed or general security agreement allowing them to appoint a receiver or the appointment may be by order of the Court.
General Insolvency Advice
We can also provide general insolvency advice to you as a director, shareholder, employee, security holder, creditor or other party in regards to your rights, obligations and options pre and post an insolvent position occurring within a company or of an individual.