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An individual or company can voluntarily liquidate an assetor can be forced to liquidate assets through the bankruptcy process. Voluntary liquidation can happen when the individual or business needs cash to either fulfill other investment or non-investment obligations, or to reallocate funds, etc.
Start invoicing now Liquidation - What is liquidation. Liquidation is the process of bringing a company to an end. When the process is complete, the business Definition Liquidating Assets officially closed and its assets will have been distributed to claimants.
Compulsory liquidation[ edit ] The parties which are entitled by law to petition for the compulsory liquidation of a company vary from jurisdiction to jurisdictionbut generally, a petition may be lodged with the court Asests the Definition Liquidating Assets liquidation of a company by: The company itself Any creditor which establishes a prima facie case Contributories: Those shareholders be required to contribute to the Definition Liquidating Assets assets Liquidatinv liquidation   A government ministerusually the one responsible for competition and business Grounds[ edit ] The Raven Nude Gif upon which an entity can Definition Liquidating Assets to the court for an order of compulsory liquidation also Dfeinition between jurisdictionsbut normally include: The company has so resolved The company was incorporated as a corporation a href"https:techynews. funtantefamous-naked-toons. php"Famous Naked Toons,a and has not been issued with a trading certificate or equivalent within 12 months of Definition Liquidating Assets It is an "old public company " i. The court may dismiss the application if the petitioner unreasonably refrains from an alternative course of action.