WHETHER TO RAISE CAPITAL, OR TO LIQUIDATE OR TO GO INTO EXAMINERSHIP
Many businesses are today looking into the future not knowing what decision they should make. Here we will address a number of questions that arise and the pitfalls therein. In this issue, we will explore liquidation. The next issue will explore raising capital and examinership. Liquidation is often seen as the final step in a business but this is not necessarily the case.
Reasons for Liquidation.
Consequences of Liquidation.
GDPR Issues with a Creditors Meeting & Information to Creditors.
An issue has arisen since GDPR has been implemented in giving details out to parties:
Sale of Assets in a Liquidation.
A liquidator has traditionally been empowered to sell assets of the company including goodwill. However GDPR has raised a number of concerns here:
Important Considerations for Liquidation
In our next issue, we will cover the general points of raising capital and examinership. If you have any questions about the topic of liquidation, please talk to us.