Creditors yesterday appointed David Carson of Deloitte as liquidator of furniture store chain Flanagans of Buncrana Ltd.
The company is being wound up with debts of €8.4 million.
The company has stores in Donegal, Dublin, Kildare, Sligo and Wicklow.
Flanagan's ceased trading two weeks ago with the loss of 40 jobs.
David Carson said he will be working now to sell off remaining stock and engaging with suppliers and creditors.