voluntary liquidation

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…

Voluntary Liquidation: The advantages for company directors

As a company director, we know it can be difficult to see the positives in liquidating your company to pay off your debts, but there are advantages to this situation. For example, many directors choose a process called creditors’ voluntary liquidation which offers a number of benefits unlike trading insolvent…

Choosing liquidation: leaving company debt behind to start again

Choosing liquidation means your company debt does not have spell the end of your business dreams. Voluntary insolvency can provide the opportunity for directors of companies which are in difficulties to cut their losses and start again. We know it can be a stressful time, but with the right support,…