There are a number of options available for dealing with companies in financial difficulties, and we would recommend that before making a final decision you seek experienced professional advice from someone like ourselves.

Essentially, a person who owns the security on the ex-dividend date will receive the distribution, regardless of who currently holds the stock.Whether the company is deemed to be solvent or insolvent, a primary goal is to keep liquidation costs low to ensure optimum funds are available to meet creditor and/or member’s entitlements.Therefore the choice of liquidator and the liquidator’s costs will have a significant bearing on the cost of liquidating a company.As company operations end, remaining assets go to existing creditors and shareholders.Each of these parties has a priority in the order of claims to company assets.