Free Initial Consultation
Creditors Voluntary Liquidations
The creditors voluntary liquidation is generally commenced by the Directors of the Company and they will instruct a Licensed Insolvency Practitioner to assist in calling the meetings of the shareholders and the creditors and prepare the statement of affairs for presentation at the creditors meeting. The creditors meeting is generally called by giving 14 days notice to the creditors.
Members Voluntary Liquidations
The members’ voluntary liquidations are generally controlled by the shareholders of the company. The shareholders of the company may have come to the conclusions that they no longer wish to continue trading but are in a position to pay all their creditors in full within 12 months of the date of passing the resolution to wind up the company.
In this process there will be no meeting of the creditors but simply a resolution of the shareholders to place the company into liquidation and appoint the Liquidator of their choice and the Declaration of solvency is sworn by the Director of the Company.
If the creditors are not paid in full within 12 months of the date of the Liquidation, the Liquidator will be under obligation to convene the meeting creditors and convert the liquidation into creditors voluntary liquidation.
Insolvency Practitioners Association Complaints Gateway
London, Westminster, Mayfair, Chelsea, Docklands, Canary Wharf, Knightsbridge, Hampstead, Fulham, Golders Green, Wood Green, Wembley
Hammersmith, Battersea, Chiswick, Richmond, Putney, Surbiton, Hendon, Twickenham, Marylebone, Harrow, Teddington, Poplar, Croydon
Egham, Wentworth, Sunningdale, Virginia Water, East Grinstead, Royal Leamington Spa,
Berkshire - Reading, Bracknell, Maidenhead, Newbury, Windsor, Wokingham, Abingdon. Henley on Thames, Harpenden, harlow,
Buckinghamshire - Aylesbury, Slough, Buckingham, High Wycombe. Beaconsfield,
Hampshire - Winchester, Southampton, Portsmouth, Bournemouth, Basingstoke. Farnham, Farnborough,
Middlesex - City of London, Harrow, Enfield, Staines, Potters Bar,
Surrey - Guildford, Croydon, Woking, Sutton, Kingston-on-Thames, Wimbledon. Epsom, Leatherhead, Reigate, Tunbridge Wells, Redhill
|The Richmond Partnership, 82-86, Sheen Rd, Richmond, Surrey, TW9 1UF Tel: 020 8332 6839|