If you hold shares in a company in liquidation usually, but not always, the shares are worthless and you have lost the money you invested. If someone approaches you with an offer to buy it from you, that may be a tip off that yours is one of the unusual circumstances.

  WHERE CAN I FIND MORE INFORMATION?

Ask The Company. If There Is An Investor Relations Department At The Company’s Registered Office It Can Give You More Information On The Insolvency Proceedings, Including The Name, Address, And Phone Number Of The Court Handling The Matter As Well As Details Of The IP.

Ask your broker. If you can’t find information in the newspaper or the library, or you haven’t received any correspondence from the company, call the person who sold you the investment.

Ask the Court. If you need more information, the court itself is another source. The court is usually located where the company has its main place of business or where the company is incorporated.

 Ask the Official Receiver or the Insolvency Service who have administrative responsibilities in insolvency cases. Check in your local telephone book, for their telephone numbers.

Ask a lawyer or insolvency practitioner. You should talk to a lawyer, especially if the amount of money you have invested is substantial OR you believe that the company or its agents defrauded you and you want to know your legal options. Even if the company is totally insolvent, under some conditions the broker who sold you the shares, the company’s officers, directors, accountants, and the company’s affiliates or others may have to share at least some of the responsibility for the loss.