If a business is heavily insolvent and its chances of survival are slim, trying to stay in operation can be more damaging for everyone involved. In these cases, a creditors' voluntary liquidation allows creditors to recover some value from the company’s assets before it is dissolved.
At FRP, we aim to make the process of liquidation as smooth and simple as possible for all parties. Even in situations where there are little to no assets to cover costs, we will use our expertise, experience and flexibility to keep costs down while working to meet a company’s obligations.
The decision to go into liquidation is rarely a happy one, but resolving the situation quickly and efficiently allows everyone to dust themselves off and move forward. We are specialists in doing just that, and it is what our reputation is built on.
Where there are conflicts, allegations of wrongdoing or hidden assets or any other disputes, the contentious insolvency team can provide specialist assistance.