Business rescue and insolvency options ... Rule of six

Creditors' voluntary liquidation

  • Introduced in 1800s
  • Used when a company cannot continue to trade and needs to be wound up
  • Members voluntary liquidation
  • Voluntary liquidation
  • Compulsory liquidation
  • Arguably superseded Administration as a business rescue procedure

... helping FSB members through difficult times ...

A brief guide to creditors' voluntary liquidation