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Administration Attachment of earnings Bankruptcy Charging order Claim Form Company Voluntary Arrangement Creditors meeting Creditors Voluntary Liquidation Enforcement Individual Voluntary Arrangement Insolvency Judgment Late Payment Interest Letter Before Action Liquidation Official receiver Order for debtor to attend court for questioning Receivership Retention of Title Statement of affairs Statutory Demand Third party debt order Warrant of execution / Writ of fieri facias (fi fa) Winding up
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This is the most widely used type of liquidation; instigated by the insolvent company.
The directors call meetings of the members and creditors to appoint a liquidator.
At the Members Meeting the members appoint a liquidator.
At the Creditors meeting the creditors either confirm the nomination of the members or appoint another liquidator.
The role of the liquidator is to realise the assets of the company.
