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Liquidation and insolvencyGPO8 July 2013Companies Act 2006This guidance is available in alternative formats which include Braille, large print and audio tape. For further details please email our

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What is liquidation and insolvency?

Liquidation is the process of closing down a company and selling off its assets to pay creditors, while insolvency is the inability of a company to pay its debts.

Who is required to file liquidation and insolvency?

The company's directors or owners are typically required to file for liquidation and insolvency when the company is unable to pay its debts.

How to fill out liquidation and insolvency?

Liquidation and insolvency forms can typically be filled out online or with the assistance of a legal professional specializing in bankruptcy proceedings.

What is the purpose of liquidation and insolvency?

The purpose of liquidation and insolvency is to fairly distribute the company's assets to its creditors, in accordance with the law.

What information must be reported on liquidation and insolvency?

Information such as the company's assets, debts, creditors, and proposed distribution of assets must be reported on liquidation and insolvency forms.

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