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 essential.

Peace of Mind

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

Organized Debt Strategy

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

Third-Party Oversight

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

Consider All Paths

Debt review, consolidation, or informal settlements may also help, and should be considered before finalizing voluntary liquidation.