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Creditors Voluntary Liquidation V Compulsory Liquidation - 20th November 2014

Many clients contact us asking “what's the difference between us placing the company into liquidation” and “waiting for a creditor to petition for the companies winding up and letting them incur the costs.”

Understandably when a company is on its knee incurring extra costs is something that everyone would like to avoid. But what are the differences and why is it that people decide to place the company into liquidation themselves rather than wait for someone to incur the costs?

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Winding up Petition - 3rd November 2014

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