Liquidation - Solvent and Insolvent 
If there is no prospect that your business will continue and your company's affairs simply need to be wound up, then generally, it will be necessary to liquidate.
Where there are sufficient assets to meet the company's liabilities then a solvent or members' voluntary liquidation will be appropriate.
If your company's liabilities exceed its assets, then either a creditors' voluntary liquidation or compulsory liquidation will be the appropriate course of action.
Sign up to our RSS