Day: September 18, 2020

voluntary liquidation process
Lawyer

End up a Company – Liquidation

Liquidation is a process that is related to the economic level of the company and as well as the company’s poor performance.  It is a process that the company may end and its shares can be distributed through the shareholders or partners of the particular company. The voluntary liquidation process can also be done by a businessman who did not want to continue his/her business.  It usually occurs when the company is insolvent. The creditors have their own choice to accept the liquidation process if they did not need that they will hand over the process to another person who is willing to handle this. As per the company, many of the poor companies want their stocks to be sold out, so they planned that they are selling their goods at a very low price and they did not want the profit yet. Although many of the companies came forward …

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