Sometimes directors of a company are faced with the difficult choice of winding down the affairs of their company, either for the reason of a change in strategy, inability to meet creditors’ obligations or other reasons.
The liquidation of a company could also be initiated by an unpaid creditor so as to reduce the risk of losing the entire investment in the company.
However, liquidation and insolvency practice also includes business recovery and turnaround services for companies that are bugged down by debts and requiring restructuring to enable them bounce back to solvency. Our liquidation and insolvency services therefore include the following: Administrative Receivership, Debt Recovery, Voluntary Liquidation/Winding up and Compulsory Liquidation