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Here Parkin S Booth is approached by a company’s directors in order
to put the company experiencing financial difficulty into liquidation. We are appointed
by the creditors at what is called a Section 98 meeting. We then go about realising the
company’s assets, distributing funds to the creditors, and finally wind up the company.
We are required to report to the Secretary of State on the conduct of the company’s
directors.
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- All aspects of liquidations, administrations and corporate voluntary arrangements
- The effect of fixed and floating charges
- Directors/Employees rights to redundancy, notice pay, etc.
- Directors' responsibilities and guarantees
- Dealing with Bailiffs/Sheriffs
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- Debtors/Creditors petitions
- Bankruptcy Orders
- Individual Voluntary Arrangements
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