Insolvent liquidation is a process by which the affairs of a company are placed in the hands of an insolvency practitioner with a view to the realisation of the assets of the company for the benefit of creditors. Almost invariably, liquidation is a step towards ending the existence of the company.
The process may be initiated by creditors or by the directors or shareholders of the company itself. The process may be commenced in court or by way of shareholder resolution.
Over many years, MacRoberts has advised in hundreds of liquidation processes. We have advised on all aspects of liquidations and have been at the forefront of some of the most important insolvency issues for more than quarter of a century.
We understand that insolvency will be a difficult time for those stakeholders in a company who have often invested substantially in both money and time. We appreciate that there is often also an emotional cost for directors and shareholders in any insolvency process. We pride ourselves in our ability to provide commercial yet sensitive advice to those who are affected by corporate insolvency.
For more information please contact us.