Company funds can usually pay Creditors' Voluntary Liquidation costs, provided the money genuinely belongs to the company, no winding-up petition exists, and payments are properly authorised, documented and made directly.
Parker Walsh explains why liquidation is not always necessary. A director with a small HMRC debt was advised on dissolution as a proportionate alternative, avoiding unnecessary formal insolvency costs.
Article explains why AI cannot replace licensed insolvency advice, covering regulation, qualifications, director risk, HMRC negotiation, and why directors should speak to Parker Walsh early.
Directors unsure about liquidation have other options first, including reviewing finances, speaking to creditors, considering a CVA, dissolution or dormancy, before deciding whether liquidation is truly necessary.
Explains options when a company cannot pay HMRC, including Time to Pay arrangements, CVAs and pre-pack administration, stressing early advice and realistic, sustainable repayment commitments for directors.
Business owner outlines habits protecting companies from cash-flow trouble, HMRC arrears and creditor pressure, stressing early advice, honest records and realistic proposals from Parker Walsh's Molly Monks.
This article explains HMRC's powers when a company has tax arrears, covering winding-up petitions, Time to Pay arrangements, and when directors should seek formal insolvency advice from Parker Walsh.
Directors may claim redundancy after liquidation only if they can prove genuine employment status. Evidence such as PAYE payslips, contracts and regular duties matters more than dividends or director title alone.
Start again after liquidation properly, using a separate new company with proper funding, tax compliance, fair asset purchases, correct insurance and full co-operation with the liquidator and professional advice throughout.