What is Advertised in The Gazette on Creditors’ Voluntary Liquidations?

Reviewed by

Chris Andersen

Reviewed by Chris Andersen

Chris became an Insolvency Practitioner in 2014 and is currently regulated by the IPA.

He is experienced in contentious insolvency with excellent analytical skills and strong knowledge of both general and technical insolvency matters.

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10th April 2024

For company directors choosing voluntary liquidation, what will be publicly advertised in the Gazette, the official journal of public record, is often a point of concern.

The following aspects will be listed.

Meeting of Creditors

The creditors meeting is a formal meeting in which Creditors are asked to vote on the decision to voluntarily wind up the company, and appoint a liquidator.

Resolution for Winding Up

Following the passing of the shareholders’ resolution to stop trading, the resolution to formally wind up the company must be advertised in the Gazette within 14 days.

Appointment of Liquidators

The Gazette notice will announce the choice of a liquidator, including their registered office, office holder number, date of appointment and who appointed them. It will also offer their contact details, including a telephone number.

Notice of Intended Dividends

The notice of dividends announces that, as per Rule 11.2 of the Insolvency Rules 1986, the Liquidators are ready to pay Creditors whatever they’ve been able to recoup. This notice also announces to Creditors that they must send proof of their debts to the Insolvency Practitioner within a two-month period (‘the last date of proving’) to be paid.

Final Meetings

As per Section 106 of the Insolvency Act 1986, this last notice announces a forthcoming ‘final meeting’ in which creditors will be presented with an account of how the voluntary winding up has been conducted, and what has been recouped.