Corporation Liquation / Insolvency – Creditors Voluntary
Finding that your company becomes insolvent and is struggling to meet financial commitments can be a extremely difficult time for every business. At R. Hendy & Co. we can help you through these tough times.
With an initial advisory consultation, we will talk you through the process step by step. Once agreed we can arrange a creditors meeting to start the creditors voluntary liquidation process.
What happens at a creditors meeting?
At a creditors meeting, a liquidator can be appointed to realise the companies assets on behalf of the shareholders and the creditors. Once a liquidator has been appointed the directors retire and the business is wound up.
R. Hendy & Co. can advise and initiate this process on behalf of clients.