No one enters the business world believing that they will have to one day shut their company down. However, when your liabilities substantially outweigh your assets and you’re experiencing poor cashflow then you a company bankruptcy may be your best course of action. In such situations a company liquidation will allow you to legally close your company.
When you implement a company liquidation you can lawfully appoint your own liquidator. This authority will take over your company, close down your accounts and effectively sell off all your assets to satisfy the demands of your creditors on a priority basis.
In some situations company directors are permitted to purchase key company assets following a liquidation which can in turn be used to relaunch your business as a new entity. McTear Williams & Wood has helped many businesses through a similar process and can advise you on how to restructure and return to profitability.
Want to know more about your choices? Act quickly and you may have more options than you realise. Book an appointment to discuss your company bankruptcy at our Kettering offices and receive free, confidential and impartial advice about how you can return your business to profitability. Call us on 0800 331 7417
Other services we offer in your area:
Administration Order in Kettering
Business Health Check in Kettering
Company Administration in Kettering
Company Insolvency Check in Kettering
Company Liquidation in Kettering
Company Voluntary Arrangement in Kettering
Creditors' Voluntary Liquidation in Kettering
CVA in Kettering
Insolvency in Kettering
Insolvency Practitioners in Kettering
Liquidation in Kettering
Members' Voluntary Liquidation in Kettering
Pre-pack Administration in Kettering
Solvent Liquidation in Kettering
Winding Up Order in Kettering
Winding Up Petition in Kettering