Compulsory Liquidations

Our Insolvency team at Lyons Solicitors provide specialist advice in relation to Compulsory Liquidations.  This type of liquidation arises where a company is insolvent and unable to meet its liabilities and to pay its debts.  In such a case, the Court must determine if the company is insolvent and the application to Court can be taken by one or more creditors with undisputed debts, the company itself once authorised by its members or indeed any member of the Company.  Typically such applications are brought by Lyons Solicitors at the behest of a creditor Bank.