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Comments on liquidation from R3 PDF Print E-mail
Tuesday, 16 January 2018
Tim Cooper, Chair of R3 in Scotland, commented:   "Whenever a large company becomes insolvent, there are consequences for the wider business community, particularly suppliers and sub-contractors whose own survival can be threatened by the loss of a large customer or source of work.

“It’s important to remember that liquidators are responsible to all creditors, and have an obligation to realise as much money for creditors as possible. They will do this by selling an insolvent company’s business or assets. Employees, creditors and suppliers of a company in liquidation should contact the liquidators for more information on their specific cases."

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