Liquidation, Other Services in Glasgow City Centre, Glasgow
Liquidation can be used to close both solvent and insolvent companies, giving directors the chance of a fresh start while ensuring their current business is brought to an end in an orderly manner and in accordance with the Insolvency Act 1986. If your company has found itself in an insolvent position, you have a responsibility towards your outstanding creditors during this time which include not engaging in any action to worsen their position. By taking advice from a licensed insolvency practitioner as soon as possible, you can help shield creditors from any further losses.
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