Take the initiative and ease the stress. A creditors' voluntary liquidation is initiated by the directors and the appointment is made by a resolution of the shareholders. A licensed insolvency practitioner must be appointed at that time... Read more
Click on the articles below for liquidation case studies.
The company had made losses for many years and the directors wanted out. The bank was mostly secured on a property on which a sale had been agreed for £250,000 but the directors were facing a call under... Read more