INSOLVENCY - Receivership and Liquidation
A number of factors account for some businesses closing shop (either permanently in liquidation or temporarirly in receivership). When this regrettably happens, the services of a Receiver/Manager or Liquidator who has the required experience is inevitable.
We have the expertise to make informed and timely decisions that will ensure all the stakeholders have the best returns.
As Receiver/Manager, we adopt pragmatic approach to rescue the company ensuring:
- That the company's assets are preserved
- Sound management of the business is put in place to minimize the damage and enhance the possibility of early recovery
- Creditors and employees including our principal are paid their dues
- Strict compliance with the laws regulating receivership.
A complete business failure will necessitate the appointment of a liquidator. Here is where competence and experience count as a wrong choice or appointment may lead to further losses.
Our specialists will take necessary steps to:
- Safeguard and preserve the assets of the company
- Identify, determine and verify the accuracy of debtors balance and creditors claims
- Realize the assets at the best possible off
- Minimize the losses of the company
- Distribute the proceeds to the stakeholders in accordance with existing legislation, and
- File timely reports with appropriate authorities as required by law.
No matter the intricacies that may be involved in the liquidation or receivership assignment we have the skill to deliver excellent services to the satisfaction of all parties.
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