In this video Brent Norling of Norling Law and Damien Grant of Waterstone Insolvency discuss the issues that can arise from a shareholder appointed liquidator.
There is the common perception that a shareholder appointed liquidator is going to be friendly to the director. Further, creditors can become suspicious of liquidators appointed by the director. We discuss whether that perception is rightly held. We also discuss what you should do if you are a creditor and a shareholder appoints a liquidator.
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