Court liquidations used to be also known as are also known as “official liquidations” or “winding up by the court”. They were also sometimes known as compulsory liquidations.
The liquidation itself is commenced by Order of the court on foot of a petition. Once appointed, the liquidator will carry out the liquidation as a creditors voluntary liquidation.
The following parties are entitled to bring a petition to wind up a company:
In practice, the majority of winding up petitions are presented by creditors.
Grounds for presenting a petition to have a company wound up are as follows:
We can act as the nominated liquidator.
For further information please contact Jim Stafford or Tom Murray on 01 661 4066 or jim.stafford@frielstafford.ie or tom.murray@frielstafford.ie