Liquidation – I am owed money by a company in liquidation

If you are a creditor of a company in liquidation, the Liquidator will contact you to keep you informed of the different stages of the liquidation process that affect you.

• They will notify you as to whether a meeting of creditors will be held (this is only done if there are significant assets to redistribute).
• They will send you a report giving estimates of the company’s assets and liabilities and what the causes of the failure are considered to be.

If you have not been contacted by the Liquidator within 12 weeks of the bankruptcy order being made, you should write to the Liquidator, quoting the court reference if possible, advising them that you are a creditor.

Remember: Not all companies in liquidation are insolvent.

More information

• Liquidation – What is liquidation?
• Liquidation – The liquidation process
• Liquidation – Winding up a company
• Liquidation – Voluntary and involuntary liquidation
• Liquidation – The advantages of liquidation
• Liquidation – The disadvantages of liquidation
• Liquidation – The alternatives to liquidation
• Liquidation – Insolvency and liquidation

Downloads

• A Guide to Creditors (The Insolvency Service)
• Trustees and Liquidators in Bankruptcies and Compulsory Liquidations (The Insolvency Service)