In: General
Will the Liquidation be of public knowledge?
August 14, 2018Yes. The Liquidator has a statutory duty to send details of the liquidation to all creditors, Companies House and to publish…
Read MoreWhat if I have a Personal Guarantee with one of the creditors?
August 14, 2018If you have given a personal guarantee to one or more of the creditors of the company, then it is likely…
Read MoreWill you assist me with matters to place the company into liquidation?
August 14, 2018Yes. We will guide you through the whole process and provide you with all the meeting documentation which is required for…
Read MoreWhen should I stop trading?
August 14, 2018As soon as you have reasonable belief that the Company is insolvent. However, should the continuation of trading up to the…
Read MoreCan a Director make a claim for redundancy?
August 14, 2018If a director is an employee of the Company, they can make a claim for redundancy, arrears of wages, holiday pay…
Read MoreWhat happens to the employees?
August 14, 2018In most cases any remaining employees are made redundant. The Redundancy Payments Office will meet various employee entitlements, including arrears of…
Read MoreHow much does a liquidation cost?
August 14, 2018The cost of a Liquidation varies depending on the circumstances of the company e.g. asset value, number of creditors and amount…
Read MoreWhat happens to the company’s outstanding debtors?
August 14, 2018Any money which is owed to the company will be an asset in the liquidation. The Liquidator seek to recover the…
Read MoreCan I sell the assets before I liquidate the company?
August 14, 2018Whilst this is possible, you have to ensure that you do not sell them at a knockdown price, this could make…
Read MoreWould the liquidation affect my personal credit rating?
August 14, 2018No. A company is a separate legal entity to the directors/shareholders so placing it into liquidation will not affect their personal…
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