Worrells Knowledge Base
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Liquidation

What if I want to choose the simplified liquidation pathway but my company is solvent?

If the company is solvent, meaning it can pay its debt when they fall due, then the simplified liquidation pathway is not available.

Solvent companies can be wound up by its members via a members’ voluntary winding up. Contact Worrells to learn more about this process.

Disclaimer

The enclosed information is of necessity a brief overview and it is not intended that readers should rely wholly on the information contained herein. No warranty express or implied is given in respect of the information provided and accordingly no responsibility is taken by Worrells or any member of the firm for any loss resulting from any error or omission contained within this fact sheet.

Related Articles

Can I apply for liquidation voluntarily? Simplified liquidation Members' Voluntary Winding Up Uncommercial transactions: What is an uncommercial transaction in liquidation? Ending a liquidation

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