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In England, liquidator work sits within company insolvency and winding up. A solicitor acting in this area represents creditors, the company, or its shareholders, and handles the steps to wind up a company, realise assets, and distribute funds under the Insolvency Act 1986 and related company law. They draft and file petitions, liaise with the Official Receiver, supervise investigations, and manage communications with creditors, directors and officers, ensuring compliance with reporting and conduct requirements throughout the process.
Why this work is usually handled by a solicitor
A liquidator’s role involves acting under professional regulation, maintaining client accounts, and managing investigations into potential misconduct. They prepare formal reports for the court and creditors, coordinate the sale or realisation of assets, and oversee distributions in accordance with statutory priorities and procedures, backed by professional indemnity insurance and regulatory accountability.
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