Company Liquidation - an overview
The company liquidation procedure has followed suit to an extent in that practitioners now recognise the value pre-packing their sales, and preserving an asset or jobs, prior to the value being eroded by notice of an impending notice of liquidation. Professionals have the expertise to set up a new company, find the funding and prepare a binding agreement, all with the consent of a proposed liquidator. The deal with then be approved at the meeting of creditors by which time, the new company will be up and running and earning revenue. Prices for a basic liquidation will be far less than you may imagine. In addition an Insolvency Practitioners ability to create finance solutions could help create funds to discharge these fees. In addition payment arrangements can be considered if assets are purchased, such as payments over a number of months. Basically an insolvency expert would be able and willing to consider all schemes that will enable a business and jobs to be saved whilst delivering the maximum value for creditors. So if you have some difficulties, firstly consider what you want to achieve. Secondly decide if it is some thing that you can do on your own and thirdly give an insolvency expert such as ourselves a call. Information provided by Steve Thatcher of Help With Debt (UK) Limited and total debt solutions company. sthatcher@helpwithdebtuk.com http://www.helpwithdebtuk.com 01162171406 About Author Steve is a qualified solicitor who specialises in debt solutions for businesses and companies alike. From pre-pack administrations to walk through bankruptcys he is always free to talk to. Disclaimer: Article submitters are solely responsible for the content of their articles. ArtiLib can't be held liable for the contents of the articles. Report Abuse | Browse By Category |
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