Compulsory Liquidations

This type of procedure is initiated by an order made by a court, usually on the petition of a creditor, or its shareholders.

If you or one of your clients has had a winding-up petition issued against them, then it is imperative that immediate action is taken. BRS can enter into negotiations with a view to having the petition either withdrawn or adjourned. This will then enable us to look at other options available  which can often result in a higher return being made available to creditors as a whole.