Can I buy back assets from my company’s liquidation?
Yes. It is common for company directors to attempt to 'start over' and incorporate a new entity. Often in order
Yes. It is common for company directors to attempt to 'start over' and incorporate a new entity. Often in order
Typically, when a decision is made to take steps in placing a company into liquidation, the company will cease trading
Yes, but only if the proper procedure is followed. Section 216 of the Insolvency Act 1986 prohibits the re-use of
No, a director is not automatically restricted from acting as a director again if he/she decides to liquidate their company.
The costs of assisting the directors in taking steps to place the company into liquidation will be agreed at the
Yes. The board of directors will usually be the ones who decide to take steps to place the company into
As above, the decision to place a company into voluntary liquidation is that of the shareholders. Creditors will have to
The resolution to place a company into voluntary liquidation will be voted upon at an extraordinary general meeting of shareholders.