Liquidation and Bankruptcy of Companies - Sudan
Dealing with financial crises and economic distress requires a deep understanding, strict confidentiality, and expertise in local legal and financial systems. At UARYS , we provide professional services in corporate liquidation and bankruptcy proceedings , helping companies, investors, and creditors manage operations efficiently and compliantly, while preserving rights and minimizing risks .
Whether your company is facing voluntary closure or is facing financial difficulties that lead to bankruptcy, our specialized team is ready to accompany you every step of the way, from providing advice to completing legal and regulatory procedures .
What Is Meant Company Liquidation and Bankruptcy?
- Liquidation is a legal process in which a company is closed in an orderly manner, by selling assets, paying off financial obligations, and distributing the remainder (if any) to partners or shareholders .
- Bankruptcy is a legal declaration that a company is unable to meet its financial obligations, requiring judicial intervention to restructure, liquidate, or reach a settlement with creditors .
Both procedures are subject to laws and regulations that guarantee the rights of all parties: creditors, employees, partners, and investors, and protect management from accountability in the event of full compliance .
UARYS's Services in Corporate Liquidation and Bankuptcy
1. Voluntary liquidation :
Suitable for companies that wish to cease operations in an orderly manner and fulfill their obligations. It includes :
- Partners/shareholders' decisions .
- Debt settlement .
- Asset distribution .
- Cancellation of licenses and commercial records .
. 2. Involuntary liquidation (by court order) :
We support companies that are in distress or are required to liquidate as a result of lawsuits or financial distress, through :
- Coordination with the judicial authorities .
- Dealing with legal liquidators .
- Preparing official documents .
3. Bankruptcy and insolvency management :
- Preparing financial reports and legal declarations .
- Representation before the competent judicial authorities in Sudan .
- Request protection from creditors (subject to available procedures) .
4. Negotiating with creditors :
- Preparing plans for debt settlement and installment .
- Minimize financial and reputational damage .
- Mediation between the company and creditors to find amicable solutions .
5. Tax and administrative clearance :
- Final tax returns .
- Close the VAT file (if any) .
- Cancellation of licenses and registrations with relevant authorities such as tax, labor, and regulatory authorities .
6. Preparing legal documents :
- Preparing and submitting all official papers to the relevant authorities such as the Commercial Registrar, the Tax Authority, the Ministry of Investment, or the bodies regulating professional activities .
Why Choose UARYS?
- Local expertise and thorough knowledge of Sudanese laws : We have a broad understanding of liquidation and bankruptcy procedures in Sudan, including corporate and bankruptcy laws and the local judicial system .
- Specialized professional team : Our team consists of certified accountants and legal consultants with extensive experience in closing distressed companies .
- Commitment to confidentiality and professionalism : We handle files with sensitivity and complete confidentiality, while providing advisory support to minimize disruption .
- A rights-focused approach : We work to protect the interests of partners, employees, creditors, and shareholders, through fair mechanisms and transparent communication .
Who We Serve?
- Limited Liability Companies (LTD)
- Sole proprietorship and partnerships
- investment holding companies
- Branches of foreign companies registered in Sudan
- Companies that are closed or facing financial difficulties
Plan for a Safe Exit or Sustainable Restructuring
Whether you are looking to legally close your business, or trying to recover from a severe financial crisis, UARYS We will be your ideal partner in achieving a smooth transition, minimizing damages, and regaining legal and financial control .
Contact us today for confidential and professional advice on liquidating your company or managing bankruptcy in Sudan .