Possible to sue a company that's been dissolved/liquidated?
Possible to sue a company that's been dissolved/liquidated?
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Animal

Original Poster:

5,670 posts

299 months

Saturday 5th March 2016
quotequote all
As per title, is it possible to sue a company that has been dissolved? What about a firm that are in liquidation?

Jasandjules

72,662 posts

260 months

Saturday 5th March 2016
quotequote all
Was it a limited company?
You can certainly join the list of debtors.. Have you registered anything with the liquidators?

Animal

Original Poster:

5,670 posts

299 months

Saturday 5th March 2016
quotequote all
Yes, a limited company. Wasn't thinking of a specific circumstance, more out of general curiosity.

Eric Mc

125,823 posts

296 months

Saturday 5th March 2016
quotequote all
If the company owes you money, the debt should have been logged in the company's accounting records.

On the assumption that the debt exists and can be verified, the liquidator is obliged to write to each creditor to request them to formally register the debt with them.

Once that has been done, following the dissolution of the company by the liquidators, if there are any funds left over following the distribution of any cash amounts to ranking creditors - usually the employees, the liquidators themselves or lenders who hold a charge over the company's assets (such as banks) - then the remaining creditors will be paid off from these remaining amounts.

In many case, such remaining creditors are lucky to get 10p in the £. Often they get nothing.