The application for liquidation is made to the court by creditors of the company. In order for a court liquidation to commence, the creditor/s must verify to the court that the company is insolvent (unable to pay its debts as and when they fall due). The liquidation is initiated and an official Liquidator is appointed. The Liquidator will conduct thorough research into the financial affairs of the company in order to distribute these assets and ascertain whether or not illegal/improper activities have taken place.
Insolvency Guardian can help guide you through your company’s insolvency and help put you back on the path to financial stability today. Our services come with a free, no obligation initial consultation to ensure we understand your financial situation and can recommend the best strategy to get you out of debt as soon as possible.