There are several reasons a company might liquidate. It might be the case that the company is insolvent and no longer has a viable future, it cannot pay its debts, or perhaps it is sustainable but the director has chosen to retire.
Whatever the situation, it is important to understand the differences between compulsory and voluntary liquidation. After all, although both are formal insolvency processes that will wind-up and dissolve a business, they involve different processes that will impact a business in different ways.
To help you understand the key differences between voluntary liquidation and compulsory liquidation, Clarke Bell has put together this handy guide, to help keep you informed on the best route forward.
What is liquidati…
Read the full article at: https://www.abcmoney.co.uk/2021/02/03/compulsory-liquidation-vs-voluntary-liquidation-what-are-your-options/
