![]() What’s the Process of Creating a Phoenix Company? As such there are strict rules around the process Trusted Source –. This route can only be chosen if it can be demonstrated that creditors’ interests are maximised. The result is that the business can resume trading as a new corporate entity with a completely clean slate. Īfter closing the old company, they start a new business that continues to operate similarly using these assets. ![]() GOV- Guide to liquidation (winding up) and re-using a company name. Phoenix Company FAQs What is a Phoenix Company?Ī phoenix company is formed when the company’s directors purchase the assets of an insolvent company out of a liquidation or administration Trusted Source –. ![]()
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