It is often possible to save the business (or part of the business) from a company and sell it to the directors/shareholders/employees of that company.
Often selling the business and assets to someone who has been involved with the company previously achieves the best outcome. In such circumstances the main two procedures which can be used are creditors' voluntary liquidation and pre-pack administration.
The process which should be used will depend on the specific circumstances and requirements.
How can we help?
