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Business founders/entrepreneurs

What are Insolvency/ Company Liquidators most afraid of?

2 replies

Lesson268 · 05/02/2025 13:24

I am working with a liquidator who are not exactly going the extra mile to investigate a company that owes me a lot of money, where i believe there is fraud involved or certainly director misconduct. What is the liquidator most afraid of, or how can i get them to do their job properly? Bad publicity? Would the liquidator be worried if i get the Police involved, as this could be considered criminal?

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CatherinedeBourgh · 05/02/2025 21:26

I'm confused. What is your position with regards to the assets being liquidated?

The liquidator's job is to liquidate as many of the assets as possible and settle the creditors according to their seniority. What of this are you suggesting they are not doing?

Lesson268 · 05/02/2025 23:53

Their job is also to investigate director misconduct and wrongdoing. There's no money left in the company - a company that was doing extremely well until this suddenly happened and oh wait there have been large sums mysteriously removed from the business bank account that he wont explain! But it seems in the UK, a director can really just do what the h*ll he likes and run off into the sunset and no one is going to do a thing about it except maybe give him a slapped wrist and put a couple of sanctions on him and meanwhile im tens of thousands down!

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