To: [All Employees]

From: ACCOUNT_FIRST_NAMEACCOUNT_LAST_NAMEACCOUNT_JOB_TITLE / [Department]

Subject: Insolvency of ACCOUNT_JOB_COMPANY

Date: 24 November 2024

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. 

Please note that effective today, all staff are required to strictly comply with the instructions of the [official receiver / liquidator] and to preserve ACCOUNT_JOB_COMPANY’s assets. No staff shall carry out any insolvent trading or enter into any transactions where ACCOUNT_JOB_COMPANY may not be able to fulfil its obligations. No staff shall not illegally conceal any books, writs, material contracts, company seal, licenses or any other business property.

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