Our Liquidation Barristers provide strategic and tactical advice throughout the liquidation process and have worked with liquidators, creditors, and companies that are the subject of liquidation.
The liquidation process requires skilful management, both for creditors and debtors, as well as careful preparation and committed and strategic action. Our barristers provide expert legal support designed to achieve desired outcomes effectively and swiftly.
Our involvement may be as simple as issuing a Winding-Up Petition on behalf of creditors and negotiating the distribution of assets so that our clients receive a fair settlement. Alternatively, it may require extensive court time, for example, on behalf of company directors looking to prevent a business from being dissolved.
Our approach to legal practice is always to articulate creative and value-adding solutions for clients whilst delivering timely, efficient, and affordable professional services. All clients conduct their affairs within a legal context, and Mercantile Barristers’ role is to advise on the conduct of their transactions and affairs in ways that avoid conflict and disputes.
Whether by adjudication, arbitration, or litigation, Mercantile Barristers members will adopt a firm, swift and decisive approach to achieve the best possible results for clients within the shortest time. We recognise that no two cases are the same, so we will adapt our style to suit the occasion.
A liquidation may be solvent or insolvent – while the term is most associated with an insolvent business that cannot pay its debts, liquidation may also present an opportunity to walk away from a thriving enterprise and extract the profits. However, it is a final and formal process, and expert advice is necessary, whatever the reason behind the liquidation.
Liquidation is the point at which a limited company is legally ended. It is a formal process during which the company's assets are sold for the benefit of creditors, and the company is dissolved.