Cost of liquidating a company best dating websties

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Compulsory liquidation of a company requires obtaining a court order.This process starts with an application to the court alleging that one or more of the required grounds exist.

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Liquidation (or "winding up") is a process by which a company's existence is brought to an end.However, if the company is insolvent, the creditors may take control of the liquidation process by applying to the court.The court will require proof of solvency or insolvency to determine this matter.The application may be brought by the company or a majority of its directors, or by the Registrar of Companies, or by a creditor.Applications by creditors are by far the most important and common.

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