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LIQUIDATION

Our team of experts can help manage the liquidation process

It can be an extremely stressful time dealing with poor cash flow and a struggling business, but it is important to speak to a Global IS professional advisor as quickly as possible to understand all the options open to you and your business.

If you are trading insolvently then you need to act now to avoid being personally liable for the company’s debt.  Answer these two questions to see if you are trading insolvently 

  1. Can the Company pay its debts as and when they fall due? (Cashflow Test)
  2. Would liquidated assets be sufficient to pay liabilities in a liquidation? (Balance Sheet Test)

If you are trading insolvently you need to act now – and liquidation could be one option to help your business today.

Advantages of Liquidation

Although generally a last resort for businesses, there are advantages to liquidating your Limited business:-

  • Put an end to creditor pressure – quickly.
  • Get rid of all debt and financial worries associated with your business
  • Write off all company debts (that’s 100% of outstanding invoices!) in one go
  • Ensure as a Director you do not become liable for future company debt
  • Close the business and move forward with your life

If you are advised that voluntary liquidation is the right solution for your business then Global IS and our team of professional Insolvency Practitioners (IP’s) will be there to take over the stress and strain and allow you to regain control of your life.

Need help?

Contact us for a free consultation with one of our professionals

Our Goals

What to expect from Global Insolvency Solutions

  • We work to get best solution for YOU and your CREDITORS.
  • We stop creditors harrasing you.
  • We give confidential, expert advice.
  • We have a sypathetic & professional approach