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Earlier this year my business became insolvent. As a result, I contacted a liquidation company and worked with them to undergo a CVL.
The winding up petition was scheduled for 1st September however, three months on I've not had any correspondence from the Insolvency Practitioner, the Courts...
Thanks for your help Gavin. There's no PG.
Do you know what their involvement would be during a CVL in comparison to a UK based unsecured creditor?
Hi Frank,
Thanks for your reply.
I just wanted to be clear that the right thing to do is treat them in the same way as I would a UK based...
My LTD company is highly likely to become insolvent in the next month or two.
One of the companies liabilities is an unpaid invoice to a Chinese supplier for £32000.
Does anyone know how this debt would be treated during a liquidation?