A liquidator is a person who identifies and sells off all of the assets associated with a business. Liquidators are called in when...
In Business, what is Voluntary Compliance? What is Voluntary Departure? What is Open Interest? What is Liquidation Value? What is a Liquidator? Discussion Comments By anon31848 — On May 12, 2009 Can anyone discuss or explain what is meant by voluntary liquidation? Share WiseGeek...
Liquidityrefers to how easily and rapidly an asset can be spent if so desired. It is a measure of the extent to which a person, organization, or entity has cash to meet short-term and immediate obligations. In accounting, it is the ability of current assets to pay for current liabilities...
A voluntary liquidation resolution must be initiated by a company’sboard of directorsor ownership. The process begins after a resolution to cease operations approved by the company’s shareholders. The shareholder vote is commonly followed by the appointment of a liquidator who will liquidateassetsto...
Liquidation is the process of closing down a business and selling its assets. Learn more about what liquidation is and how it works in this guide.
Is an Insolvency Practitioner the Same as a Liquidator? While often used interchangeably, the terms ‘Insolvency Practitioner’ and ‘liquidator’ are not synonymous. An Insolvency Practitioner may act as a liquidator, but their scope extends beyond this single role. A liquidator, on the other hand...
The main purpose of a liquidation where the company is insolvent isto collect its assets, determine the outstanding claims against the company, and satisfy those claims in the manner and order prescribed by law. The liquidator must determine the company's title to property in its possession. ...
Liquidating a Corporation Incorporation can be ended using the process calledliquidation. This may result from a voluntary decision to cease operations or may be forced by the financial collapse of the business. A company appoints a liquidator who sells the corporation's assets. The company pays of...
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After the sale of any assets, cash is then redistributed to repay creditors. For directors, it’s a way of formally addressing unmanageable debts, while closing the company in an orderly, fair and equitable manner. The liquidation process starts with the appointment of a liquidator (insolvency ...