Compulsory Liquidation in Swansea

At Fast Insolvency, we offer professional support to directors whose companies are facing or undergoing compulsory liquidation in Swansea.

This court-led process is triggered when a creditor petitions to wind up a company over unpaid debts.

Contact us now for free, confidential advice if your business has received a winding-up petition or is at risk of compulsory liquidation in Swansea.

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What Is Compulsory Liquidation in Swansea?

Compulsory liquidation in Swansea is a legal process where the court orders a company to be closed and its assets sold to pay creditors.

This process begins with a winding-up petition filed by a creditor, often due to unpaid debts exceeding £750 in Swansea.

Who Can Apply to Wind Up a Company in Swansea?

Any creditor, shareholder, or director can apply, but most petitions come from creditors such as HMRC in Swansea.

The court in Swansea must be satisfied that the company is insolvent and unable to pay its debts.

What Triggers Compulsory Liquidation in Swansea?

The most common trigger is non-payment of debt following a statutory demand, court judgment, or ongoing default in Swansea.

Once a creditor files a petition, the court sets a hearing date to determine whether to grant a winding-up order in Swansea.

What Happens After a Winding-Up Order Is Made in Swansea?

Control of the company passes immediately to the Official Receiver in Swansea, who investigates director conduct, closes the business, and arranges the sale of assets.

The company in Swansea ceases trading and is eventually struck off the Companies House register.

Can I Stop Compulsory Liquidation Once It Starts in Swansea?

Yes, but only before the court grants the winding-up order in Swansea.

You can pay the debt in full, dispute the petition, or seek a Company Voluntary Arrangement (CVA) or administration to avoid liquidation in Swansea.

What Are the Consequences for Directors in Swansea?

Once liquidation begins in Swansea, directors lose control of the company and must cooperate fully with the Official Receiver.

They may also face investigation in Swansea, and if misconduct is found, they could be disqualified or held personally liable.

What Happens to Employees in Compulsory Liquidation in Swansea?

All employees are automatically made redundant in Swansea, but they may be eligible to claim unpaid wages, redundancy pay, and holiday pay from the government’s Redundancy Payments Service.

Will I Be Personally Liable for Company Debts in Swansea?

Directors are not personally liable for most company debts unless they’ve signed personal guarantees or engaged in wrongful trading in Swansea.

If the court finds misconduct, personal liability could follow in Swansea.

How Long Does Compulsory Liquidation Take in Swansea?

The process can take 12 to 24 months in Swansea, depending on the complexity of the company and how quickly assets are realised and creditors repaid.

Will the Company’s Assets Be Sold in Swansea?

The Official Receiver or liquidator in Swansea will sell company assets, such as stock, equipment, and property, to repay secured and unsecured creditors.

What Is the Role of the Official Receiver in Swansea?

The Official Receiver is appointed by the court to manage the liquidation in Swansea.

They investigate the company’s affairs, sell assets, deal with creditor claims, and assess director conduct during the lead-up to insolvency in Swansea.

Can I Trade After Liquidation Starts in Swansea?

Once the winding-up order is made in Swansea, the company must cease trading immediately.

Continuing to trade could result in personal liability for debts incurred after liquidation begins in Swansea.

How Does Compulsory Liquidation Differ from Voluntary Liquidation in Swansea?

Compulsory liquidation is court-enforced and usually creditor-led, while voluntary liquidation is initiated by directors and shareholders in Swansea.

In voluntary cases in Swansea, directors have more control and can appoint their own licensed insolvency practitioner.

Is the Liquidation Process Public in Swansea?

Winding-up petitions and liquidation orders are published in the London Gazette and recorded at Companies House in Swansea, making them accessible to the public.

Why Choose Fast Insolvency in Swansea?

We provide immediate, expert advice in Swansea for companies facing compulsory liquidation.

Our licensed professionals in Swansea act quickly to assess your situation, stop legal action where possible, and help protect you as a director in Swansea.

Get Free Compulsory Liquidation Advice Today in Swansea

If your company has received a winding-up petition in Swansea or you’re worried about compulsory liquidation, time is critical.

Contact Fast Insolvency now in Swansea for free, same-day advice and take control before the court acts.

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