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Madison Financial | Liquidation| Liquidation Advice | Liquidation Help | What is Liquidation? | IVA
Liquidation

Liquidation is a rocky road, but we are here to help.

If liquidation is done in the right way, it can offer you a chance to put your mistakes problems and stresses behind you, and let you start again.
Voluntary liquidation is a way of closing a limited company. It means that a line is drawn under the operations of the company, and the company removed from Companies House.

What happens is in liquidation?
the assets of the company are sold,
any money you are owed is brought in,
the creditors informed of any payment they may receive from the Liquidator.
Step 1 - Find a Liquidator. way of formally Liquidating your company on a DIY basis, the law just doesn't allow for it.
Step 2 - Decide whether or not you want to go back into business. If you are to go back into business, it has a bearing on how you go about Liquidating your company.
Step 3 - Pass details of any assets you have over to the Liquidator, and we will get these valued. This will set the value of the assets for going to auction, or if you wish to buy them.
Step 4 - Let us know who you owe money to. We will write to them all to let them know what's happening. Most of the time they will now stop contacting you, and speak to us instead.
Step 5 - Give us all company information. We will give you a list of all the information we need in order to liquidate your company. This information will allow us to prepare the necessary reports for the creditors.
Step 6 - Chair the meeting of creditors. The meeting of creditors is there to ratify the Liquidation of your company. Most creditors will not bother coming, as they will be wasting a day's worth of work.
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