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Business Partnership Liquidation

Unsure about liquidating a partnership? Ask our team today.

Unlike limited companies, business partnerships often have different legal arrangements when it comes to liquidation and, at Salient Insolvency, we have the expertise you need to wind partnerships up properly.

People who work in partnerships may want to liquidate their business for many different reasons. Sometimes, it simply comes down to two or more people not wanting to work together with one another anymore. There again, the partnership may have hit financial difficulties and so the partners want to cease trading officially. Of course, the partnership may have simply run its course and no longer serve any useful purpose. Whatever the reason, Salient Insolvency is on hand to provide professional guidance about partnership liquidation so that all those involved are treated fairly and in accordance with the law.

Please note that creditors can also petition a partnership to go into liquidation. If your partnership faces such a legal action and would like guidance on what to do next, then Salient Insolvency has you covered with a range of different options.


Help with partnership administration.

When a partnership seeks liquidation, there are several ways of going about achieving the same outcome. For example, each of the partners involved in the business could seek individual voluntary arrangements (IVAs). However, this is not always the best option, especially if not all the partners involved want to go down the same route. At Salient Insolvency, we will work in our clients’ best interests with all the partnership liquidations we handle so that a satisfactory outcome is achieved for everyone involved.

Turn to Salient Insolvency for advice in many areas of partnership liquidations:

  • Handling unsecured credit
  • Insolvency proceedings
  • Realising the assets of a partnership
  • Liquidation investigations
  • Creditor’s petitions

Partnership Liquidation Advice

If you want to know what to do if a creditor has petitioned the courts for a partnership liquidation, then we are here to offer specific guidance.

What is Mutual Consent

When seeking a partnership liquidation by mutual consent of the partners involved, we have plenty of experience to offer.


Our partnership liquidation services

Whether you want help with taking possession of the books and records of a partnership following its liquidation or simply want assistance with debt management as part of a business partnership, Salient Insolvency has the expertise you need. Our insolvency practitioners have a wealth of knowledge to share concerning partnership liquidations, including what to do if a partner wishes to liquidate but you do not. Do not hesitate to reach out to us for further advice.

Online Liquidation Assessment

The easy-to-use liquidation assessment tool we have produced is an excellent way of making an initial appraisal of your partnership’s current financial situation.

Take the assessment

Service Sectors

At Salient Insolvency, we can help partnerships of all types to liquidate successfully in numerous areas of the economy.

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Get In Contact With Us

Please fill out the form, below, or phone. You can also email us directly.

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    The Castle
    345445 Castle Drive
    London, SW3 43T

    At Salient Insolvency, we will deal with any enquiries or questions you may have confidentially and professionally every time.

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