Liquidation Services

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The liquidation advice team at Ahmed Ghattour & Co covers everything you need to be aware of when your company faces liquidation.

At Ahmed Gattour & Co, we understand that everyone in Libya or around the globe feeling the impacts of tremendous changes: decreased workforce availability due to the ongoing COVID-19 pandemic, rapid cuts in vendor capacity, new global transportation restrictions and sudden changes in regulations.

Bankruptcy or Liquidation

Bankruptcy or liquidation should be a last resort. When your business runs into financial trouble while operating in Libya, then take time to seek advice and support from Ahmed Ghattour & Co as soon as possible. The liquidation advice team at Ahmed Ghattour & Co covers everything you need to be aware of when your company faces liquidation.

Selling a company to an interested buyer is the method most commonly associated with getting out of business. But for many business owners, liquidating assets is often the best or perhaps the only feasible method of business functioning.

Why Us?

Get the guidance from Ahmed Ghattour & Co regarding the assessment of alternative liquidation strategies to move forward in the face of deteriorating conditions. Because at Ahmed Ghattour & Co we’re ready to support you with our specialized skills, detailed knowledge of Libyan laws and regulations and proven experience. As advisers to distressed companies and trustees, Ahmed Ghattour & Co conduct the following activities:

  1. Perform liquidation reviews
  2. Assist in discovery and prosecution of claims
  3. Assist in preparing bankruptcy and insolvency analyses to take well-informed decisions.
  4. Help in preparing tax returns, review and objections to claims filed
  5. Review records to identify undisclosed assets
  6. Acquire debtors’ information for presentation and review
  7. Support interim and crisis management
  8. Help develop and implement operational and restructuring turnarounds

Your Legal Partner for liquidation

Ahmed Ghattour & Co has got many years of experience in managing business liquidation projects in Libya, and we can help you to confidently come out of this situation. At Ahmed Ghattour & Co we offer liquidation advice that is tailored to your situation, helping you move on to other opportunities and look forward to enjoying a new direction in business.

Our qualified team has many years of experience in helping conduct the liquidation process. We know that if your company is facing liquidation then, very likely, you’re searching for experts to guide you through the complex process in a simplified manner and ensure you come out on the other side in a positive frame of mind.

Services

Our professionals at Ahmed Ghattour & Co have vast experience in providing accounting services. Our team comprises of various certified experts. Our experts are here to give you honest and professional liquidation advice based on your situation.

  1. At your request, Ahmed Ghattour & Co will initiate the procedure with the announcement of a company’s entry into the liquidation process and assure all statutory requirements are followed.
  2. We will prepare the resolution on company dissolution and other related documents, handle the required registrations to the local Trade Register, publish the information about your company’s liquidation and notify all respective authorities as well as possible creditors about the company status.

Moreover, we will work closely with our accounting and tax consultants to:

  1. Ensure that all statements for the liquidation period as well as for the period preceding the liquidation are processed, including the tax return related statements.
  2. We will also draft the final trustee’s report about the liquation process and propose how to dispose of the liquidation balance.

Ahmed Ghattour & Co provides detailed analysis and support through every phase of the restructuring or liquidation process across Libya. If your company has become insolvent and you think liquidation is the best option for you then speak to us now through +218-91-2123375 for advice on the next step.