How to appoint a liquidator
In order to appoint a Liquidator, the Company must first be placed into Liquidation.
A liquidation is procedure to bring the life of a company to an end. This can be done either voluntarily using a private section insolvency practitioner or through the courts.
A creditors Voluntary Liquidation is an out of court procedure which uses a private sector Insolvency Practitioner as opposed the Courts and The Insolvency Service.
It is therefore a much quicker procedure and the cost of placing the Company into liquidation is broadly the same.
A CVL can also be used to organise a phoenix company as well which can increase assets realisations, save jobs and increase the return to creditors overall.
More information can be found at the following here.
Alternatively, if you would like a free face to face or telephone meeting with a Licensed Insolvency Practitioner please ring 01326 340 579 or 01305 458 383 to arrange a mutually convenient time and date to discuss the options open to you and your Company.
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