Voluntary recognition of the company's insolvency!
Directors may recognize their company’s insolvency 
and decide to cease operations. This is a voluntary liquidation .
To implement this measure, they require the following documents:
- A resolution of its directors or shareholders acknowledging the insolvency and designating a signatory for bankruptcy documents.
- A cessation act duly signed by an authorized representative of the company.
- A statutory statement detailing the insolvent company’s assets and liabilities.
They must them appoint a trustee who will oversee the administration of the company’s assets during the commercial bankruptcy.
Our bankruptcy trustees can help you at every stage of this process. Speak to them today!
