If your company can’t pay its debts and has no realistic prospect of recovery, liquidation may be the next step. This is a formal process where a liquidator is appointed to sell company assets, pay creditors and close the business. While it can bring closure, it also triggers strict rules and potential personal risks for company directors.
You may be required to assist the liquidator, provide documents, explain past decisions and potentially face action if you breached director duties or allowed insolvent trading. If you’ve given personal guarantees or taken director loans, you may also be directly affected.
Law Tram connects you with lawyers who can help you understand your legal obligations, protect your personal position and make sure the liquidation process is managed correctly.
Start by completing our secure online questionnaire. This step allows you to provide essential details about your company’s financial status and your role as a director.
Law Tram’s advanced technology generates a confidential legal summary of your situation while keeping your personal and business details private.
Your confidential legal summary is shared with our network of vetted lawyers who review your case to determine how they can assist.
If a lawyer believes they can help, they will initiate a chat with you through the Law Tram platform. Your contact details remain private unless you choose to share them.
You are under no pressure to retain any lawyer unless you are confident in their ability to assist. Law Tram empowers you to make informed decisions.
Law Tram’s Debt and Bankruptcy Consultation offers a secure, efficient and supportive way to connect with expert legal help. Whether you are considering liquidation or already in the process, our platform helps you access tailored advice from qualified lawyers.
Start your free, confidential consultation today. Please note that Law Tram does not assist in finding legal aid lawyers. If you are seeking legal aid, visit our dedicated legal aid page for more information.
Take the first step toward resolving your debt matter with clarity and peace of mind.
Or start a new consultation below:
