— INSOLVENCY SERVICES | LIQUIDATIONS

Compulsory Liquidations

A Compulsory Liquidation (also known as a Compulsory Winding-Up) occurs when the Court, usually on the petition of a creditor, makes an Order to dissolve a company (a Winding-Up Order).

Following the Winding-Up Order, the Official Receiver becomes the liquidator and has a duty to safeguard and protect any assets of the company to pay off creditors (distributing any later surplus to the company shareholders). The Official Receiver must convene meetings of the company’s creditors and members to appoint a liquidator of their choice.

How can we Help

  • Advise directors regarding their obligations in the initial review by the Official Receiver
  • Assist in the preparation of a Statement of Affairs for submission to the Official Receiver
  • Support directors in any other matter arising during the winding-up of their company
  • Act as liquidators
  • Ensure a timely manner of execution

It will be our pleasure to have a personalised consultation with you, so feel free to contact us.

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I2R SOLUTIONS