Voluntary Liquidation
We guide you through closing your company by shareholders' decision, from appointing the liquidator and settling assets and liabilities to tax deregistration and licence cancellation.
Bankruptcy, Restructuring & Judicial Liquidation
Accounting expertise in court-led restructuring and bankruptcy proceedings, protecting the rights of creditors and debtors under the law.
Who it is for
Companies in financial difficulty seeking restructuring or a preventive composition; creditors seeking to recover their rights; and law firms that need accounting support in insolvency files.
How we work
- Diagnosing the financial position and testing insolvency
- Preparing the financial reports required for the application
- Listing assets and liabilities and ranking the debts
- Preparing the restructuring or settlement plan
- Supporting the trustee, the court or the parties in implementation
Documents we need
- Financial statements for the last 3 years
- Bank statements
- List of creditors and securities
- Existing contracts
- Claims and judgments
Frequently asked questions
What is the difference between voluntary liquidation and bankruptcy?
Voluntary liquidation is for a company that can pay its debts; bankruptcy is for one that has stopped paying.
Can the company be saved instead of liquidated?
Yes. The law allows preventive composition and restructuring, and we assess the best option for you.
Do you work with lawyers?
Yes. We cover the accounting side and the lawyer covers the legal side.
Legal reference
Federal Decree-Law No. 51 of 2023 on Financial Restructuring and Bankruptcy. For general awareness. Legislation changes, so check the official source or ask us before any decision.
Related services
Book your free first consultation
Request a quote for this service
Tell us about your situation and we will send a written quote after your free first consultation.
- Chat with us on WhatsApp
- +971 52 140 8121
- +971 54 777 1036
- info@handara.ae
- Sunday – Friday, 9:00 AM – 6:00 PM (Dubai time)