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Company Liquidation Process and Procedure

The company’s filing for liquidation falls under two categories, solvent and insolvent. An insolvent company is at a shortfall of cash even after liquidation of company assets to pay off its creditors, in such a scenario, there could be conflict of interest amongst the creditors because of insufficient assets to pay all the creditors in full.…

Tax Implications in Company Liquidation - Chamberlains

The liquidation of a company is the process by which a company winds down and ceases to exist. This can arise for many reasons and can be voluntary or involuntary. The process involves the appointment of a liquidator, gathering of company assets, paying off creditors, settling of affairs and distribution of remaining funds to shareholders.…