Liquidation provides a mechanism for the formal winding up of a company in a controlled manner.
At Deloitte, our experienced practitioners will act to realise assets for the benefit of creditors.
A liquidator will aim to:
If requested by creditors and other stakeholders our liquidators can:
Our experienced Directors and Partners have acted in a formal capacity to implement solutions for insolvent businesses. The types of appointment we can assist with include:
Jersey - Creditors’ Winding Up and applications to the Royal Court under Article 155 of the Companies (Jersey) Law, 1991. We have also assisted the Viscount in situations where a large trading company was placed en désastre.
Guernsey – Compulsory Winding Up and Administrations
Isle of Man – Creditors’ Voluntary Liquidation and Receiverships
Our previous appointments have included that of liquidators, administrators and receivers over a variety of businesses including regulated entities and trading companies. We also provide support to our UK and overseas colleagues in cross-border insolvencies.