Liquidation

Guidance on business liquidation processes and liquidator appointments. Articles explain compulsory liquidation, different liquidation types and options for buying back your business.

Buying Back Your Business After Going Into Liquidation

You can buy back your liquidated business through a phoenix company if administrators can't sell it for much elsewhere.

Compulsory Liquidation

When a company can't pay its debts, the court can force liquidation, but there are other options worth considering first.

How Liquidation Works

When a company can't pay its debts, a liquidator sells off assets to repay creditors and wind up the business.

Liquidator Control

When a business goes into liquidation, a liquidator takes control of operations, assets, and creditors while preparing the company to wind down.

Powers of the Liquidator

A liquidator has broad powers to investigate your company, sell assets, and question directors, but they're mainly focused on paying creditors fairly.

Types of Liquidation

When a company winds down, liquidation can happen in different ways depending on whether debts can be paid and who decides to close it.

What Does a Liquidator do?

A liquidator is a qualified accountant who winds up insolvent companies, selling assets and paying off creditors according to strict legal guidelines.