voluntary insolvency

What are the Pros and Cons of Voluntary Liquidation?

Voluntary liquidation is the term used when a company decides to cease trading of its own accord. It is usually implemented as a final measure to settle outstanding debts by selling assets and property. The process can manifest via two methods, members’ voluntary liquidation and creditors’ voluntary liquidation, but the…

The drawbacks of choosing liquidation: a Director’s guide

Liquidation can seem like the best possible option when your company falling deeper and deeper into debt. But while voluntary insolvency does have several advantages, we think it is important that as the company Director, you understand the potential drawbacks. We’ve put together a three-point guide to the negatives which…