Credit reporting agencies will record a company Liquidation against your personal credit file.
If your company is insolvent it is important that you can demonstrate that you acted in an appropriate manner and complied with corporate laws.
With a Creditors' Voluntary Liquidation you may be able to better explain the circumstances in which the company was placed into liquidation.
If you do not take steps to wind up an insolvent company voluntarily, a creditor may take control of the process and have a court liquidator appointed.
