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Phoenix companies

Where to begin A phoenix company is an informal term for a new company that has been expressly formed to continue the business of an insolvent company that has ceased to exist. So-called because the company has been reborn from the ashes of its predecessor. Provided that

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Pre-pack Liquidation

Where to begin A pre-pack liquidation is a formal insolvency process that closes down an existing limited company. Simultaneously, a new company is formed (often referred to as a phoenix company), which purchases the old company’s assets. This new company can then begin to trade under a

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