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Internal Memo / Announcement

Internal Memo / Announcement

Insolvency / Dissolution

Internal staff announcement on insolvency / dissolution / restructuring of the company.

We regret to inform you that [we / creditors] have filed a winding up petition against on [date]. [It was a difficult decision to make but we are no longer financially viable to continue as a going concern.] According to the application, the Court will appoint a [liquidator / official receiver] to wind up the company and distribute the assets to its creditors.


How to use this Document?


This document should be carefully read before publishing, as it may invoke negative emotions of the staff. Add in any other items necessary but keep it simple.


One should also be careful not to make any promises that cannot be fulfilled in the announcement as it may result in insolvent trading by the directors.  


How to Tailor the Document for Your Need?

  1. Create Document: Click “Create Document” button and the document will be prepared with your account details automatically filled in.

  2. Please fill in any additional information by following the step-by-step guide on the left hand side of the preview document and click the “Next” button.

  3. When you are done, click the “Get Document” button and you can download the document in Word or PDF format.

  4. Please review the document carefully and make any final modifications to ensure that the details are correct before sending to the addressee.
staff announcement
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