Pre pack administration involves selling of an insolvent business before it enters administration. Often, the purchasers are the previous directors of the business.
Before the pre administration is started, you don’t need to consult your creditors. This is a major advantage to the company as creditors cannot block the move like they can do if [...]
Category Archives: Business Liquidation
Things you need to know about pre pack administration
May 30, 2010 – 2:21 pm
Business liquidation – How is the process carried out?
May 28, 2010 – 2:15 pm
One way to close down a company is by using business liquidation. This exit strategy can either be used as part of a business plan or it can be the result of a company which is deep in debt and close to bankruptcy. The business liquidation process includes selling off a company’s assets and paying [...]
Key points to consider when liquidating your business
May 23, 2010 – 3:40 pm
You may be planning to liquidate your business if you are no longer able to continue your business and are facing inevitable losses on a regular basis. Liquidating your business is the best curtain call in such situations. Business liquidation is an excellent way in which you can pay off debts. However, it is advisable [...]
What you should know about company liquidation if your company is failing
May 19, 2010 – 4:39 pm
Most people think of liquidation as a dreadful process a company is forced to undergo. However, company liquidation does not have to be as terrible a process as you think. In fact, this process can actually be good for a business, especially if it has been declared bankrupt. Liquidation companies offer a number of services [...]
Clear your company’s debts by undergoing voluntary liquidation
May 8, 2010 – 2:52 pm
Business liquidation is a process where a company or a part of a company is closed down. Nowadays, business liquidation is also known as dissolution, but it is only the last stage of the liquidation process.
Liquidation occurs not only in the case of bankruptcy, but also as many businesses sell in order to create funds. [...]
The importance of liquidators when closing down a company
May 6, 2010 – 2:39 pm
When companies are unable to repay debts from their own resources, it often means that it is the end of the company. In present economic conditions, many companies have found it difficult to keep their businesses afloat. Due to this, they fall behind with payments to creditors and eventually become insolvent. As insolvent companies usually [...]
Business liquidation: What are the two main types?
May 4, 2010 – 2:39 pm
Liquidation is a process which is undertaken by many companies all over the world in order to repay their debts. Under this process, the owners or shareholders sell the real assets of their business. At present, you will find two different types of business liquidation, which are voluntary liquidation and compulsory liquidation.
Compulsory liquidation
This type of [...]
How can voluntary liquidation help end a business successfully
May 2, 2010 – 2:53 pm
Regardless of whether you have an unknown small company or a large established one, facing financial difficulties is very common. In fact, many companies struggle with these problems due to unfavourable economic conditions or outstanding debts. Long periods of financial trouble can eventually lead a company to bankruptcy. At these times, the directors of the [...]
Some advantages that company liquidation offers
April 23, 2010 – 3:13 pm
If you need to use voluntary liquidation, you need to evaluate the many advantages that it offers. Firstly you need to decide whether liquidation is the right choice for your business or not. Liquidating a business can offer numerous advantages to a company.
As the cost is paid by the petitioning creditor, there are no [...]
Tired of constant financial loss? Opt for liquidation
April 19, 2010 – 4:32 pm
If your small business is facing huge losses due to ever-increasing competition, it is advisable to look in to business liquidation to emerge from severe financial loss.
Business liquidation
Business liquidation is an excellent choice if you are unable to pay off your creditors. You can also settle any outstanding debts or payments with business liquidation. [...]