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O'Boyle & Associates are a Galway-based firm of Auditors and Accountants with a strong client base covering all types of corporate and sole trader businesses. Our success has been attributed to aiding many privately owned businesses to grow and prosper into successful businesses.

We are also Licenced Insolvency Practitioners specialising in corporate and personal insolvency.

Our Tax Consultants offer advice to new business start-ups, sole traders, partnerships and companies on all aspects of personal and corporate tax compliance and tax planning.

Creditors Voluntary Liquidation

A Creditors Voluntary Liquidation is usually instigated by the directors of the company after seeking financial advice from their accountants and in certain cases from an insolvency specialist, and after deciding to place the company into liquidation as it is insolvent. Directors should not ignore signs of insolvency and continue to trade while insolvent. If it is proved that a director knew or ought to have known that the company was not in a position to pay its debts as they fall due they can, in certain instances, be found personally liable for the debts of the company.

cobtax.com

Creditors Voluntary Liquidation

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