How can we buy land from a liquidated company?

Answered 6 Jul 2008 by c.cattell

I have a problem that is bothering me. A company went into liquidation in 1997; the process was completed in 2003. Another company wishes to purchase land that had belonged to the liquidated company but according to the Land Registry there is a charge still outstanding. The charge was in favour of a gentleman, and related to money lent to the gentleman by the business before liquidation.

According to the liquidators, the liquation was completed in full in 2003 but it seems the land cannot be bought until the outstanding charge is settled. Any thoughts as to why this could occur or what should be the next steps?



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Charlie Cattell is a specialist in legal and governance matters relating to social enterprises, charities and voluntary organisations, assisting a wide range of groups with legal structures, organisational management, and regulatory issues.