Compulsory Liquidation
Worried about the possibility of Compulsory Liquidation? We can help.
What is Compulsory Liquidation?
Compulsory liquidation can be the outcome when a company cannot afford to pay its debts and legal action is taken be creditors.
Your last resort is to allow your company to be compulsorily liquidated – this is to be avoided at all costs.
We can help you understand your options with the goal of securing a better outcome.
Don’t Panic!
You have several potential routes to avoid compulsory liquidation
Creditors’ Voluntary Liquidation (CVL)
Initiate the liquidation yourself. You will have more say in the process and hopefully achieve a better outcome.
Administration
Administration is a key insolvency tool to implement the rescue and survival of the business and provides the company with immediate protection from creditors.
Company Voluntary Arrangement (CVA)
A CVA could ease your cash flow and help turn around your business.
Pre-Pack Administration
A Pre-Pack Admin closes your old company and opens a debt-free new company, whilst almost seamlessly continuing to trade.
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Company Rescue.
If your company is threatened with compulsory liquidation or has been issued with a winding-up petition, please act immediately and contact us today.