What is Liquidation?

When a business reaches a point where it can no longer meet its financial obligations, liquidation becomes a practical and strategic solution. This process allows the company to close in an organized and legally compliant way — protecting directors, creditors, and employees while ensuring that all assets are fairly handled.

At Debt Exit Solutions, we manage the entire liquidation process with transparency and care. From the moment you decide to proceed, our specialists guide you every step of the way — handling documentation, communication with creditors, and compliance with the Master of the High Court.

If selling your assets doesn’t fully cover the outstanding debt, we also help you explore responsible alternatives such as debt review or personal sequestration. Our goal is to help you close this chapter confidently and move forward with a clean financial slate.

Apply Now
Contact Us
📑 Step 1: Lodging Liquidation Documents
We prepare and lodge all necessary liquidation documents and requisitions from creditors with the Master of the High Court, ensuring full compliance and accuracy.
🤝 Step 2: Meeting with Credit Providers
A formal meeting is held with all credit providers to review the outstanding debts and establish clear next steps. We handle all communication on your behalf to make the process smooth and stress-free.
⚖️ Step 3: Appointment of a Liquidator
An experienced liquidator is officially appointed to oversee the estate. Their role is to manage claims, handle asset distribution, and ensure all creditors are treated fairly throughout the process.
📋 Step 4: Second Meeting with Credit Providers
At this stage, the liquidator provides a detailed report of the company’s financial standing — including assets and liabilities — in compliance with the Insolvency Act. Credit providers review and approve this report to move the process forward.
🏛 Step 5: The Role of the Master of the High Court
The Master of the High Court supervises the liquidation process to ensure fairness and legal compliance. We handle all submissions, communications, and follow-ups on your behalf, so you never have to face complex legal paperwork alone.
💰 Step 6: Lodging the Liquidation and Distribution Account
Once all assets have been sold — either privately or through public auction — the liquidator drafts and lodges the Liquidation and Distribution Account for review by the Master of the High Court. This step ensures creditors are repaid in accordance with the law.
⏳ Step 7: Account Examination and Approval
The Master reviews the Liquidation and Distribution Account to confirm that all procedures were followed correctly. Once approved, authorization is given for the account to be advertised for public inspection.
📢 Step 8: Advertising and Final Confirmation
The account is advertised for 14 days, allowing any objections to be raised. If no objections are lodged, the Master confirms the liquidation — officially concluding the process. At this point, dividends are distributed to creditors, and you can begin rebuilding your financial future.

🌟 Start Your Fresh Financial Journey Today

Liquidation doesn’t mean failure — it’s a legal solution that gives you a chance to start over. With Debt Exit Solutions, you’ll have a professional partner guiding you every step of the way — ensuring your business closure is handled with dignity, precision, and care.

Apply Now

Key Benefits of Choosing Liquidation with Debt Exit Solutions

Liquidation isn’t the end — it’s a fresh financial beginning. Choosing voluntary liquidation can give you the space, clarity, and freedom you need to rebuild your future with confidence. At Debt Exit Solutions, we make the process smooth, transparent, and empowering — so you can take back control of your financial journey.

1
🧾 Leases and Contracts Can Be Cancelled
When your company is liquidated, lease and hire-purchase agreements can be legally terminated. This means no more monthly payments draining your resources — freeing you from ongoing commitments that no longer serve you.
1
⚖️ Legal Action Comes to a Stop
Once liquidation begins, creditors must halt all legal action against your business. You immediately gain breathing space — no more threatening letters or lawsuits — allowing you to focus on resolving matters calmly and strategically.
1
🪙 Outstanding Debts Are Written Off
If you haven’t signed personal surety, your company’s debts are written off once liquidation is complete. This gives you a clean slate and prevents new investments or income from being swallowed by old debts.
1
🕊 Avoid Stressful Court Proceedings
By choosing voluntary liquidation, you take control of the process — rather than being forced into it by creditors. This demonstrates responsibility, professionalism, and foresight while protecting your reputation and peace of mind.