Possible to sue a company that's been dissolved/liquidated?
Discussion
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.
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.
Gassing Station | Business | Top of Page | What's New | My Stuff


