• How are liquidators appointed?

    There are four different ways in which a liquidator may be appointed during an insolvent liquidation.

    If shareholders put the company into liquidation – then the shareholders will choose the liquidator.

    If creditors put the company into liquidation after it has been in voluntary administration – then the creditors will choose the liquidator. This is generally the same person who acted as voluntary administrator, although creditors may choose someone else.

    If creditors put the company into liquidation after a terminated deed of company arrangement – then the creditors will choose the liquidator. This is generally the same person who acted as the deed administrator, although creditors may choose someone else.

    If the court puts the company into liquidation – then the court will appoint the liquidator.

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