Welcome to Company Liquidation
and on this website we are going to providing you with all the information you need to apply for liquidation. We have assisted many companies to apply for liquidation over the years and if you have any questions or want to apply for liquidation, please feel to contact us online.
A company run the risk of being placed under liquidation if the entity is unable to pay the debt owed to creditors. The process is usually initiated by the directors, but can also be done by the creditors of the entity.
An entity usually applies for voluntary liquidation if the company's liabilities are more than its assets. This basically means that company cannot operate its business functions anymore and can apply for company liquidation
The moment the company is placed under liquidation, a liquidator will be appointed to manage the process from there and realise all the assets of the entity. The main purpose of the process is that the remaining assets will be calculated and redistributed between the outstanding creditors.
Featured: Reasons for Liquidation
There are quite a few reasons for liquidation and we have outlined the most commons reasons below to assist anyone looking in to liquidation.
Featured: Liquidation Effects
One of the most important factors to consider when applying for liquidation is that if the company is liquidated, be it voluntary or compulsory, the directors do stance a chance to be held responsible for some debt.
Featured: Compulsory or Voluntary Liquidation
The question of Compulsory or Voluntary Liquidation has been asked quite a bit over the last couple of months and we have decided to outline the two options below.
A compulsory liquidation is a much more aggressive style of going about liquidation and this is usually the case when a creditor demands the outstanding debt to be paid immediately.
Do you help with the liquidation of your business?
We provide business liquidation and business rescue services and will be able to assist you. Simply complete the enquiry form below and we will contact you.