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Members Voluntary Liquidation Companies - Recommendations?

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    #31
    Originally posted by jamesearljones View Post
    Thanks. Is HMRC taking about 6 months at present to finalise closures?
    Sadly, yes, that's what we're typically seeing. Couple of links to demonstrate that we're not the only liquidators having a nightmare with HMRC (used to be ~3 months average) here and here. Both a bit old now, but we're yet to see any improvement unfortunately.

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      #32
      Hi Maslins

      Can you provide some details of the bond that is given during the liquidation period?

      If anything did happen, who gives the bond and how secure is this?

      Thank you

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        #33
        Originally posted by castoff101 View Post
        Can you provide some details of the bond that is given during the liquidation period?

        If anything did happen, who gives the bond and how secure is this?
        All licensed insolvency practitioners will have a bond in place (and they can't do a liquidation without it). Not something any client of ours has had to call on. Perhaps someone else can explain the techy side of how it works...but I personally don't know.

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