If a company is unable to pay monies owed to a creditor, one of the options for the creditor is to petition for the company to be placed into compulsory liquidation.  If this is your intention, legal assistance should be sought to ensure you take the correct steps.

Once a company is placed into compulsory liquidation, the creditors can decide on the appointment of a liquidator.

If you would like advice on your options for the recovery of a debt or if you would like to propose that we deal with the liquidation of a company, please feel free to contact us.