As more and more companies succumb to insolvency, many business suppliers are receiving invitations to creditors’ meetings. When an insolvent company decides to wind up voluntarily, a notice will be sent to all creditors together with a general/special proxy form to commence the liquidation process. The notice will also be […]
Tag: debtor
Are you a Director of a company going into Liquidation?
If so, you need to proceed with caution. There are many rules governing the liquidation process. Firstly, you should first speak with fellow directors and seek professional advice. Resignation may be an option but your primary responsibility is to protect the company creditors. You may remain personally liable even if […]
Money owed – Question & Answer
Question: I am owed €7,489.00 by a company that is refusing to pay me. Can I wind up the company to get my money? You can certainly try but winding up a company is not an easy task. It involves engaging the Court process to have a Liquidator appointed to […]
Better the debtor you know…..
When times were good, credit was given to whoever would sign on the dotted line. Often people failed to establish exactly “who is the customer…….a sole trader, business, partnership, limited company”? Now the economy is not so vibrant and creditors are rightfully anxious to recover all outstanding debts. Not knowing […]
Debt Collection
We live in a time where there is a lot of concern about debt be it personal debt or business related debt. There is no doubt that creditors are increasingly seeking to have their day in Court to obtain Judgment against their debtors. Debts can vary from a sum as […]
