Business Liquidation
Liquidation allows you to wind up your business, repay any debt and keep any leftover assets.
Whether you’re facing voluntary or involuntary liquidation, our experienced insolvency and bankruptcy solicitors will help you get the best result for you and your business.
Voluntary Liquidation
There are two types of voluntary Liquidation. One is called Member’s Voluntary Liquidation (MVL) and allows you and your directors to wind up your company, pay off any outstanding debts and split the remaining assets between you.
The other is a Creditors’ Voluntary Liquidation (CVL). Unlike a members’ voluntary liquidation, this occurs if your company is unable to pay its debts. It involves your lenders meeting, going through your statement of affairs and agreeing on how the remaining assets will be used to pay them back.
Involuntary Liquidation
Involuntary Liquidation happens if your lender believes that you’re unable to repay your debt to them because you’re insolvent. If this is the case, your lenders will take you to the High Court where a liquidator will be appointed and your company will be officially wound up. The liquidator will then split your company’s assets between your lenders.
At Gibson & Associates, we understand how stressful the liquidation process can be, whatever your circumstances. That’s why our experienced solicitors will take control of the situation for you, fighting to get the best deal possible and letting you get on with what you do best.
Don’t delay, please call us now on +353 (0)1 264 5555 or complete our Online Enquiry and we’ll be delighted to help you.
Business Debt & Finance includes the following:
Asset Protection
Accumulating assets in business takes a huge amount of time and effort. That’s why it makes sense to strategically protect them, keeping them safe from any turbulent times ahead.
Insolvency
If your company is facing insolvency or bankruptcy, we are aware of just how much is at stake. That’s why our highly experienced insolvency solicitors will go above and beyond to get you the best possible result for your company.
Examinership
If your company is in financial trouble, Examinership can give you the breathing space you need to get your business back on track without the fear of being made insolvent by your lenders.
Receivership
Receivership forces a company which is in debt to obey the original loan agreement contract between it and its lender.
Liquidation
Liquidation allows you to wind up your business, repay any debt and keep any leftover assets.
Whether you’re facing voluntary or involuntary liquidation, our experienced insolvency and bankruptcy solicitors will help you get the best result for you and your business.
Attorney Paymaster
Business Sale, Acquisition & Mergers
If you’re buying, selling or merging a business, Gibson & Associates can help make sure your transaction goes through seamlessly.
Our highly experienced solicitors will do the hard work for you, leaving you to get on with running your business. We’ll keep you in the loop throughout the process so you remain informed.
Get in touch with our friendly and professional team today, and we’ll get back to you in 3 hours or less.
Our team is here to help you no matter where in Ireland you’re based.
Daireann Gibson
Amanda Walsh
Niall McMonagle
Sinead Shaw
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DRM
Gibson and Associates were extremely helpful and communicative for the business matter I hired them for. Their staff was a pleasure to work with in every regard, and I would absolutely work with them again. Highly recommended!
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