The insolvency priority waterfall
What happens to the funds raised by Insolvency Practitioners (IPs) after they are appointed as Administrators or Liquidators? This is a mystery to almost everyone outside the insolvency
Liquidation of a company
See Opus in ContractorUK – Closing a Company Part 2
9. How is a liquidator engaged/appointed in an MVL? Ordinarily, an introduction to an Insolvency Practitioner (IP) is made by an accountant when it is identified that a
See Opus in ContractorUK – Closing a Company Part 1
It’s quite some time since contractors last felt the need to ask about liquidation, but the ContractorUK Forum shows that closing a company is once again on the minds of some PSCs, writes Gareth Wilcox,