When you are so far into business debt that there’s nothing that there’s nothing left to do but liquidate, we can help. At Cooper Matthews, we have many years of experience in all aspects of dealing with business bankruptcy, and all the challenges related to the process.
While we would love to save every business we work with, this is not always possible. In such cases where the debt is so great that we can’t help save the business, we will walk you through each step of the liquidation process to ensure that it goes as smoothly as possible.
There are a couple of different types of liquidation, and we will help you to understand what they are, and which one is going to happen to your business.
Often, if you can see that the debt is too great to ever come out of, you can put the business into voluntary liquidation. This means that the choice was yours, and were not forced to do so. This is often better than what can happen if forced by your creditors to windup the business.
Compulsory liquidation is what happens when the business receives a court order stating that it must wind up the business. This is usually because creditors have complained and made a petition requesting that the company be wound up.
For some initial advice, ring us up and we will assist you in figuring out what to do next based on your specific situation. Let us help you through this difficult time in your career so that you can move on to new and better things.