Liquidations & Winding Up

There are a number of issues that arise in relation to a liquidation be it voluntary or forced in relation to a trading entity. This often involves the use of insolvency practitioners and dealing with receivers and liquidators.

It is important for proprietors to obtain professional advice as early as possible as often events leading to a liquidation/receivership/winding up have caused significant stress to be borne by the proprietors and they may have difficulty in clearly identifying the facts and considering these when determining what are the preferred options available.

There is often a tendency for a Director to attempt to trade out of an insolvent situation where there is no realistic prospect of this being achieved. In such circumstances expert professional guidance is required.

The continued trading activities may incur further liabilities and lead to further liabilities extending beyond the trading entities’ assets.

Explore more in this section:

• Business Sales & Acquisitions
• Commercial Property
• Choosing the Right Business Entity
• Leasing including commercial property, chattels, plant & equipment
• Analysing (and minimising) Business Risk
• Shareholder Agreements and Disputes
• Company Structures
• Purchase of a Business
• Due Diligence
• Sale of a Business
• Financial Structures / Funding / Finance
• Creditor Issues
• Solvency Issues
• Liquidations & Winding Up
• Creditor Arrangements

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