If you have a limited Company which has few or zero assets and have been unable to fund the costs of liquidation, we may be able to help.
It’s generally understood that a director of an insolvent company cannot make a claim for redundancy and unpaid wages in a Liquidation but this isn’t always the case.
In situations where a Director may have otherwise walked away leaving a “zombie company” behind, we can work with the director to establish the likely value of their redundancy claim and work out an arrangement to enable a formal liquidation of the company to take place.
This can relieve a director from the stress of pressing creditors as well as the uncertainty of being involved with a non-trading, insolvent company and ultimately provide the freedom to move on to new projects.
If you think we maybe able to help you, please contact Allan Cadman or Stephen Wainwright on 0161 228 3028, or send an email to one of the team.