Liquidating a ltd

In United Kingdom and United States law and business, liquidation is the process by which a company (or part of a company) is brought to an end, and the assets and property of the company are redistributed.

Liquidation is also sometimes referred to as winding-up or dissolution, although dissolution technically refers to the last stage of liquidation.

Chapter 11 Plan due by 10/14/2014, Disclosure Statement due by 10/14/2014, Initial Case Conference due by 7/14/2014, Filed by James C.The process is usually instigated with a winding up petition which is heard at court.This procedure is often used as a last resort by disgruntled creditors after failed negotiations.As a director of an insolvent company, you are at risk if you do not act.This risk RISES the longer you don't act to put the company into liquidation.

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