Rules on voluntary Liquidation

[Chas]

I have had dealings twice with the same hotel. On both occasions it closed at the end of the summer and went into voluntary liquidation.

A hotel owner can obviously let/lease the hotel to new management but are the hotel owners in any way responsible for the debts not paid by the management when they go into liquidation?

The best of it is the hotel is open again this summer "under new management" - and no I am not dealing with them this time.

 

[Joe_90]

You need to be careful with the terms used here. A members voluntary liquidation means that the company can pay all it's debts. [broken link removed]

A creditors liquidation is where the company can't pay it's debts. If the hotel owner is involved in the companies then they have an issue but based on your query this is not the case. http://www.cro.ie/en/business-termination-creditors.aspx

 

[T McGibney]

If the hotel owner is involved in the companies then they have an issue[/url]

Not necessarily.

The OP should note that involvement in a company going into liquidation is not a negative on one's character nor an indicator of any wrongdoing.

If wrongdoing has taken place, there are robust provisions within the liquidation process to ensure that the ODCE are notified & can take proceedings in the courts to punish same.