Insolvency & Liquidation Services

Insolvency and liquidation services help businesses and stakeholders respond to financial distress, restructure obligations or formally close a company. Support may include corporate restructuring, debt restructuring, business turnaround, receivership, company liquidation and creditor-related matters.

Insolvency and liquidation services may include business turnaround advisory, corporate restructuring, debt restructuring, voluntary liquidation, creditors’ voluntary liquidation, receivership, liquidation planning, and forensic investigations where required.

Businesses may consider insolvency or restructuring support when they face sustained financial pressure, creditor disputes, operational challenges, or difficulties meeting financial obligations. Early advice can help determine whether business turnaround, debt restructuring or a formal insolvency process is appropriate.

Restructuring focuses on stabilising a business and improving its financial position so it can continue operating. Liquidation involves formally winding up a company and distributing remaining assets to creditors and stakeholders.

Members’ Voluntary Liquidation is generally used to close a solvent company, while Creditors’ Voluntary Liquidation applies where a company cannot meet its debts. The requirements and responsibilities differ, so the appropriate route should be assessed based on the company’s financial position and applicable law.

An insolvency practitioner manages the formal insolvency or liquidation process in accordance with the applicable legal requirements. Depending on the appointment, this can include dealing with creditors, reviewing claims, realising assets, making distributions and completing the company winding-up process.