Please visit http://www.companyrescue.co.uk/ for confidential help and insolvency advice or email keiths@ksagroup.co.uk

Wednesday, 15 May 2013

What is pre pack liquidation?

Pre pack liquidation is a bit of a misnomer.  

A pre pack is the term normally used where the business and assets are sold to a third party or "newco" and the "oldco" is put into administration in one movement.  When people refer to a pre pack liquidation they are most likely thinking of a phoenix.  There is no simultaneous transaction.  To read the differences see our page on pre pack liquidation.

There is so much misunderstanding of the insolvency world.  So for a clearer understanding read our insolvency advice site at www.companyrescue.co.uk

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Many thanks for your comments. If you have a private business problem and you want advice give us a call on 0800 9700 539 or email me at keiths@companyrescue.co.uk. If you are a professional advisor with a troubled client, please suggest they visit www.companyrescue.co.uk or contact me as above.

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