Liquidation is a procedure under which an organisation needs to sell all their assets to pay off their creditors. After the selling process is complete, the amount is used to pay off creditors and the remaining money is distributed amongst the partners. The procedure is also sometimes called dissolution of business.
Nowadays, many businesses are [...]
Monthly Archives: March 2010
Types and steps of business liquidation
March 29, 2010 – 6:25 pm
Liquidation and its requirements
March 26, 2010 – 3:48 pm
Many people dream of having a small business of their own. Unfortunately not all of these businesses are success stories and many are forced to shut down due to bankruptcy. In these cases, it is the responsibility of the owner to recover funds in the best possible way. This process of recovering funds is also [...]
Voluntary liquidation – an excellent alternative to bankruptcy
March 25, 2010 – 6:29 pm
Liquidation is the process of turning the hard assets of a company (furniture, buildings, copyright etc) into cash. This cash is then mainly used to pay off any debts.
Voluntary liquidation is one of the most popular ways to close down an insolvent company. Due to the global economy, more and more companies have struggled [...]
The basics of voluntary liquidation
March 24, 2010 – 3:48 pm
Liquidation is a procedure in which the assets of a business are turned into cash, and helps the company or debtors to pay off their debts to creditors. Nowadays, many companies who do not have money to pay debts opt for voluntary liquidation.
Voluntary liquidation is decided by the shareholders or partners of the company to [...]
How hiring liquidators will prove to be beneficial
March 23, 2010 – 4:56 pm
Several people look upon liquidation in a negative way, although it can be vital for many businesses.
Liquidating a company can be a voluntary decision, and this would generally happen when a company agrees that they require cash for daily transactions. Liquidation of a company can also be compulsory if it is forced by law.
Liquidating a [...]
Company liquidation- an ideal way to end a business
March 22, 2010 – 4:56 pm
There is no doubt that closing down a company is one of the hardest things to do. Nonetheless, it is a part of life that many people have faced or are facing today. Most companies close down when business is no longer profitable and there are no longer adequate funds to carry out operations. As [...]
Facts concerning company liquidation
March 18, 2010 – 6:26 pm
Are you planning to terminate your business? If you are experiencing difficulty in continuing with your trade or facing a shortage of clients and inquiries, then you should start to consider all of your alternative options.
Opting for company liquidation is a viable choice if your company is on the verge of a decline. The following [...]
Start a successful new business with pre-pack administration
March 16, 2010 – 6:20 pm
It is not unheard of for companies to meet a dead end a few months or years into business. Considering the current economic climate, many companies have been affected in the last few years, leading to many shutting down. However, some company owners have learnt to soften this blow by opting for pre-pack administration. This [...]
What are the two main kinds of liquidation processes?
March 15, 2010 – 9:00 am
If a company is facing financial difficulties, and can’t stabilise, it needs to take action as soon as possible.
When many companies find themselves in this situation, they often opt for liquidation, rather than bankruptcy. Liquidation involves a company’s assets being converted into capital. This money is then used to repay their debts.
Two kinds of liquidation:
Voluntary [...]
The basics of liquidation
March 12, 2010 – 6:01 pm
To avoid bankruptcy, many companies all over the world are opting for business liquidation. With the help of liquidation, they can sell the assets of their company and then pay off their creditors.
At present, you will find that there are three main types of business liquidation- which are voluntary liquidation, creditors’ liquidation and compulsory [...]