Does the Official Assignee provide progress reports?

The Official Assignee sends a report to all creditors outlining the company’s financial position at the date of liquidation. The report is usually sent 25 working days after the date of liquidation.

The report will explain how the Official Assignee intends to manage the liquidation, and how long it will take to complete.

If the Official Assignee is dealing with a bankrupt shareholder, the company may be put in to voluntary liquidation. In that situation, the first report to creditors is sent within five working days of the appointment of the liquidator.

The Official Assignee sends creditors an update on the liquidation every six months until the process has been completed. A final report is then sent to all creditors.

Regular updates on the progress of the liquidation are available to creditors on the website. Creditors can log in to access this information.
 

More information

Become a registered user | Becoming a user of the site will give you access to all online services.