What does liquidating mean
But, and it is a big but, if you fail to act in time, fail to act reasonably, fail to keep books and records, continue taking credit KNOWING that the company cannot possibly repay it, then you ARE at risk of personal financial loss or worse.
So act now and get help for your company and more importantly start reducing your own risks.
An asset that is not performing well in the markets may also be partially or fully liquidated to minimize or avoid losses.
An investor who needs cash to fulfill other non-investment obligations, such as bill payments, vacation expenses, car purchase, tuition fees, etc. Financial advisors tasked with allocating assets to a portfolio usually consider, among other factors, why the investor wants to invest a certain amount of money and for how long s/he would like to invest for.
If you have signed personal guarantees or indemnities to lenders, then the liquidation could lead to them being called in if the bank cannot get its money back from the company.
There is little that can be done about that, but you should not delay decisions on liquidation to try and prevent a PG being called in: just think what ALL of the company's debts landing on your shoulders would do.
"A man in the pub said I cannot be a director of any other company if I liquidate my company. As a result of this rubbish, many struggling directors worry about liquidating their company as they think it might seriously affect them personally. Listening to bar room experts, inexperienced accountants or lawyers or marketing people can stop decisions being made, this failure to make a decision is really what could land you in trouble.
In a little while the stress will go and you can focus on other things that are more important. Get our new free Experts Complete Guide to Creditors Voluntary Liquidation We are experts in liquidation, voluntary liquidation, administration, pre-pack administration, business rescue, corporate rescue and company rescue, we can help solve your problems but only if you talk to us. These are important processes and will help protect you as individual directors. Call one of our advisors or if you prefer, call our IPs (or insolvency practitioners) now: Just one CALL can solve your problems. We could help you start the liquidation process today.(8.15am till 5.00pm; Out of hours call on 07833 240747, Wayne Harrison (IP) on 07879 555349 or Eric Walls (IP) on 07787 278527) Finally, please remember this: NO BUSINESS is worth losing your health, relationships, marriages or your children over.Did you know that if the OR finds that the directors have knowingly traded whilst insolvent and they failed to act, took credit without reasonable prospect of repaying the debts, failed to submit accounts or a number of other offences, then it is possible you will face PERSONAL action?Did you know that the directors can be made personally liable for the debts of the company from the onset of insolvency?
An investor that is long a stock may decide to sell some or all of the shares held in his portfolio for cash.