He alleges there is no reason for a liquidator to take control over his outstanding debts because he is capable of paying it. |
A liquidator would also be obliged to notify creditors before selling assets to a former director. |
As noted above, an unregistered company charge is void as against both subsequent creditors and the liquidator and administrator. |
He said the company would work with the liquidator on ways to discharge its debts to creditors. |
They appointed a liquidator to an undoubtedly insolvent company that has no assets. |
No-one was in any doubt that the best option for creditors was the appointment of an examiner, rather than a liquidator. |