When all options have been exhausted, we assist in winding up the business and our liquidation services include:
- Asset realisation and distributing funds to creditors and shareholders (if any surplus)
- The liquidator has a duty to unsecured creditors
- Investigations undertaken into what led to the insolvency
- Voluntary, court-ordered, and creditor-appointed liquidations
Fixity provides efficient and effective liquidation services to maximise value and ensure the best result possible for stakeholders.
Where a Company finds itself unable to pay off its debts as they fall due, Directors need to consider alternative courses of action, which may involve liquidation. This dire situation occurs when the total money the business is supposed to pay out is more than the money it has available, including the total value of everything it owns. In most cases, it’s up to the company directors to decide to begin the process of closing down the company through liquidation. However, there are other specific situations that can lead to liquidation without needing a direct decision from the directors of the company.
Understanding the different types of liquidation—Voluntary, Creditor-Appointed, and Solvent—can help you make informed decisions based on your company’s situation and financial health. Each type offers distinct benefits and follows a specific process to ensure a structured and legal winding-up of business affairs.
