Tag: Liquidation Process

Guide to Exit Strategies

Every business owner(s) or shareholders should have an exit strategy because there will inevitably come a time when the business itself reaches the end of its life or the owners wish to leave the business and move on. But what exactly is an exit strategy in practice? Here’s a brief guide to explain…  The confusing…




Advantages Of Letting A Failing Business Go

If you have put your heart and soul into a business it is never an easy decision to just let it go into into liquidation. Sometimes, however, simply letting go can help you move on to something better and a lot let stressful. Here are some reasons why liquidation can sometimes be the better option  …




When Liquidation Marks The End of The Road

Much has been written about the sad loss of BHS,  one of the UK high street’s most recognisable stores but only now has the final nail been hammered into the coffin. While you would be forgiven for thinking that BHS met its end months ago, the company had been in administration while a better deal…




How Much Does Going Into Liquidation Cost?

Worrying about how much liquidation will cost is not uncommon and only adds to the stress of those who own businesses is financial difficulties. Going into liquidation is certainly the lesser of two evils when compared to bankruptcy even if there are costs involved in the procedure. Knowingly trading while insolvent could result in much…




How Do Insolvency Practitioners Sell Business Assets During The Liquidation Process?

If a business enters the process of liquidation then this means its assets are often used to pay off any outstanding debts. Here is a brief outline of how insolvency practitioners will sell those assets and the process involved. The first stage of the process is to establish what assets are owned by the business….