What powers does a liquidator have?

[bobjim]

Hi,
A small business that I dealt with has gone into liquidation and the liquidator has been onto me regarding an outstanding bill which I owe to that company. I want to pay my debt but cannot currently pay the full amount so I'm wondering what powers a liquidator has regarding recovering monies owed to the company?

I haven't spoken to the liquidator yet but I presume they want to resolve this quickly and not have it drag on so would he accept a part payment now and write off the rest? Or I could pay so much per month for 6-9 months or so but would this be over too long a period? How long normally would a liquidation go on for.

Can he enforce an immediate full payment in some way??

Thanks,
bobjim

 

[RonanC]

[broken link removed]

 

[robinho]

Answer is yes, liquidator can sue you

 

[Pat Bateman]

The liquidator will more than likely be willing to do a deal with you. The last thing he/she would want is your debt hanging around for months. Agree a settlement and get it in writing that the amount you pay represents a full and final settlement in relation to the debt.