Liquidation signals the death of a company and is not an insolvency regime to rehabilitate a financially distressed company.
The first a creditor may know of the financial difficulties of a customer is when they receive a notice to attend a creditors’ meeting. This right is valuable and advice should be sought in advance of the creditors’ meeting.
The effect of liquidation on the rights of creditors such as landlords, suppliers holding retention of title, persons owing money to the company etc are complex and creditors need specialist advise to guide them through the procedures.
Corporate recovery solicitors
To arrange a discussion with a corporate recovery solicitor click here or call us on 0800 840 4929.
