Debts & Insolvency

Wind Up, Sell, or See a Trustee? Comparing Your Options

Wind up

Fits when the business can pay all its debts. You close in an orderly sequence and distribute what remains.

Fits when the business has value to a buyer. Selling assets or shares may leave you with more after tax.

Fits when debts exceed assets. Proposals, bankruptcy and receivership are handled by trustees.

If you are unsure, start with the free check and bring your accountant in early.

This article is general information, not legal, tax or accounting advice.

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