How do I pay for voluntary liquidation?

How Do I Pay for Voluntary Liquidation?
Insolvency practitioners operate in the private sector, so their services come at a cost. Generally, these costs are covered by realizing the company's assets, with liquidation costs prioritized before any creditor payments. Fees for liquidation require either creditor or court approval.
If no assets can be realized, the director must cover the process cost personally. We agree on this cost upfront on a fixed-fee basis to avoid unexpected charges later. The exact costs depend on the company's circumstances and the time spent on the process, varying case by case.
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