Top 5 Things To Know About Liquidation with David Hill
- You can be a director of another business if you liquidate your current business.
- If you don’t take action and organise the business’s financial affairs, a creditor can appoint a liquidator through a court windup process.
- When you liquidate a business, it does go on your credit file. You may still be able to get financed, but it will depend on your financial circumstances.
- You may be pursued for insolvent trading by the liquidator, so it’s always best to appoint a liquidator voluntarily rather than be wound up through the courts.
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