Court Liquidation is the liquidation or winding up of a company that is ordered by the Court.
It is generally for one of two reasons, being;
- where a creditor initiates the process seeking recovery of a debt owed to them or;
- where the company itself petitions the appointment due to difficulties faced (generally it is insolvent) and needs to act quickly to protect its assets and businesses.
Our insolvency experts offer clarity, guidance and a clear solution and pathway for shareholders, directors, and creditors in times of difficulty to understand the options available and implement workable solutions.
Where a Court Liquidation is the necessary tool, we have acted for all types of stakeholders across all industries to provide efficient and effective outcomes.