If you are looking for a liquidator in Tauranga, then you are most likely a business owner who is ready to make some tough decisions to pursue a different dream. That’s right–rather than being the end, working with an independent liquidator in Tauranga can allow you to say goodbye to your worry and stress, move forward, and follow a new path.
From time to time, good people find themselves in very challenging spots. If you find yourself in a hole, the first thing to do is to stop digging it deeper. At Don’t Be Limited, we can help you bring your company to a close in a way that’s legal and fair.
Problems Liquidation in Tauranga Addresses
Businesses that should consider liquidation have reached a state of insolvency, or an inability to fulfil their financial obligations and repay the money that they owe. Here are some problems you may be having for which liquidation could be the solution.
- Maximum borrowing. You may have been denied further borrowing without providing guarantees. You may not have sufficient assets for a secured loan, and lenders are refusing you credit.
- Demands for payment. If you are receiving constant threats of legal action for unpaid bills, you are in the danger zone. Taking longer to pay creditors and delaying deliveries due to non-payment are also warning signs.
- Inability to pay staff wages. If you find yourself unable (or nearly unable) to meet the wage bill, insolvency is likely looming. Once an employee’s wages go unpaid, the company is technically insolvent.
If you are experiencing one or more of these problems, it may be a good idea to seek guidance from a private liquidator in Tauranga.
Benefits of Using a Liquidation Service in Tauranga
Liquidation can be a positive thing, and it is for many struggling business owners. Here are a few distinct advantages of choosing this route.
- Minimising debt repayments. Except in certain circumstances, your debts will be mostly written off; you’ll still have to cover certain costs, but overall, liquidation is an extremely cost-effective choice.
- No more legal action. Entering liquidation will put an end to the threat of legal action. You’ll be free to stop worrying about it and focus your energies elsewhere.
- Enable your staff to claim redundancy pay. Your staff may be able to benefit from not only redundancy pay in the event of liquidation but also uncollected wages and outstanding holiday pay
What You Stand to Lose by Not Using Don’t Be Limited
Don’t Be Limited is an independent liquidator, meaning that we help people solve problems. We offer small business owners the experienced, honest, and friendly help that they need. We know that balance sheets can’t tell the whole story, so we listen to people, look for outside-the-box possibilities, and help you find real solutions. If you need a professional, reputable, and straight-talking private liquidator, contact Don’t Be Limited today.