'If you're flogging a dead horse, make sure you're not riding it.' (Josh Stern) Creditors and company directors alike need to know how best to deal with a company in financial distress. Both should learn to recognise the difference between an enterprise that has failed beyond resuscitation and one that, given a chance, can be returned to solvency and success. With that in mind, the law provides you with two main options: Liquidation: Liquidation is the winding up of a company