What is the purpose of a liquidation?

A liquidation or a voluntary administration of a company will be necessary if it has become insolvent.

If your company is insolvent and you are the directors then it is your responsibility to take positive steps to prevent the company from trading whilst it is insolvent.  If your company is insolvent you will need to make this appointment as soon as practicably. To understand the differences between liquidation or voluntary administration please call us now!

If your company is insolvent and you fail to prevent your company from incurring debts by placing it into administration or liquidation then as a director you could become personally liable for the debts which your company has incurred.

Call us today if you would like to discuss placing your company into liquidation. In most cases we can agree a fixed fee. Call our toll FREE advice line on 1800 210 073.