What is Company Liquidation?

Company liquidation is a facility offered by the host country, state or zone, allowing a business to systematically wind up its corporate institution by deregistering its license, liquidating its assets and distributing them to shareholders, creditors, and legal parties, thereby avoiding any accumulated fines, penalties or retaliatory procedures incurred upon the company’s license. There are two case scenarios in company liquidation, voluntary and compulsory.

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