Is Voluntary Liquidation Right for You?

When you're under financial pressure, voluntary insolvency may be a potential route—but knowing the benefits and risks is vital.

Stress Reduction

Voluntary liquidation can help stop collection calls, offering significant emotional and mental relief.

Structured Resolution

Instead of chaotic repayment, voluntary insolvency gives you a structured, legal framework to settle your obligations cleanly.

Surrendering Management

One key risk is handing over financial control to trustees during voluntary liquidation, which may limit your influence over asset distribution and decisions.

Effect on Employment and Business

Voluntary sequestration may affect professional roles, especially in finance or directorship positions, and might restrict business operations.

It's Not the Only Option

Debt review, consolidation, or negotiated repayment plans may also help, and should be considered before finalizing voluntary liquidation.