Business liquidation may be an unfortunate and inevitable reality for you if you have no option but to sell off your assets in order to pay your debts. Getting the right advice at this time is crucial, not just to make sure that you do the right thing, but also so that you don’t do anything that may cause a problem later.
Consulting a professional
In order to begin the business liquidation process, you need to take stock of all the assets that you have, including any money that your are owed. In order that you don’t undersell your assets and end up creating a problem for yourself it is important to consult a professional before you do anything.
Business liquidation and your creditors
In the next step of the business liquidation process, your creditors will need to become involved. After all, they are the people you owe money to and must consult when it comes to getting the green light after drawing up an exit plan. If you instruct us we will get them involved from day one to make sure they are fully aware of the situation, and we can deal with any outstanding issues.
Hire an appraiser
Hereon in, the process follows the protocol that has been outlined by your liquidation plan. In this case, to get the very best on the assets you sell, we will instruct a valuer who can get you a quote for the right price, so you can maximise the revenue that comes from their sales and not leave yourself vulnerable to prosecution.