Pros and cons of liquidating a company Online free private sex chant

Employees and teams maintained When using a Pre Pack solution all employees are transferred to the new company under TUPE rules.

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This means that continuity can be preserved for existing clients.New company trades debt free The new company formed as part of the Pre Pack process is debt free.It can start trading without the burden of having to repay the debts owed by the old business. Any CCJs which may have been issued against the old company are not transferred to the new.2.Normally all the assets will be required for the new company to start trading.

This should mean that the maximum amount is generated from the sale for creditors.This would be likely to leave creditors in an even worse position.5.

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