A guide to business liquidation processes
A guide to business liquidation processes With the recent pandemic causing unprecedented interruption to businesses across the UK and worldwide, our partner and North West Chair for UK's insolvency trade association R3, Allan Cadman, has explained the different processes of liquidation to help support business directors and shareholders during this difficult time. What is liquidation? Liquidation is the process, in simple terms, of disposing of a business‘s assets, turning them into cash for ease of equitable distribution amongst stakeholders. This usually occurs at the end of the life of a business or when hands are forced by an insolvent position. [...]