Articles, tagged with "liquidator", page 5

Winding up Your Business for Better or Worse- The role of liquidators

Winding up a business requires the liquidation of all that business' assets. The reason for winding up a business could either be that the company is insolvent (can't pay all of its debts) or its members want to end the company's existence. How do you ... Read >
Author: Michael Quinn

Company difficulty because a client is insolvent

In today's economic climate, many businesses find themselves in financial difficulty because one of their major clients has gone bust. Unfortunately where this happens, it is unlikely that you will receive any of the money that you are owed. If your c... Read >
Author: Derek Cooper

Winding Up a company in 2009

The Directors will elect to wind up the company and propose to instruct an insolvency practitioner to call a meeting of creditors. The shareholders of the company will in turn agree. In most small businesses the shareholders and the directors will general... Read >
Author: jasbirshyam

Levy Consulting- Resolve Your Insolvency

When a company is regarded as an insolvent, it has to deal with many facets of problems. The inability to pay debts makes it more dilapidated and worsens the situation to resolve problems legally. Here the insolvency practitioner and levy consulting comes... Read >
Author: JessicaThomson

Statutory Functions of Insolvency Service

We all are aware of the term insolvency. To throw some more light we can state that it is the state where a company is unable to pay its debts. Accordingly, a company can be deemed as insolvent for the purpose of section 588G of the Corporation Act, if it... Read >
Author: JessicaThomson

Some important points to learn about insolvency and insolvency services

Insolvency is an inability to pay one's debt. The company that fails to pay its debt is said to be an insolvent. This term is generally used with business. Business insolvency is of two types- 11Cash flow insolvency- the company is not able to pay debt,... Read >
Author: JessicaThomson

What is the liquidation process

If you are looking to close your company either because it is bankrupt and cannot continue or you want to stop trading for some other reason then you will need to put the business into liquidation. The most common form of liquidation is creditors volu... Read >
Author: Derek Cooper

What is the meaning of liquidation?

What is the meaning of liquidation? That is a good question! Since the economy started to tumble it feels like we have been bombarded with the word liquidation in so many different contexts applying to every business possible. Still, I am not sure we ... Read >
Author: Steven

Can You Profit From Costco Salvages and how can you GET Costco salvage items

It's the modern day quest that captures thousands - how to find an idea wholesale supplier with great products to retail. The internet is awash with information about where to go and what to do, but who can you really trust and how do you know that you're... Read >
Author: Brandi Abbey

Companies That Purchase Unwanted Items Wholesale Liquidators

Companies that purchase unwanted items are also called liquidators or closeout merchants, and when it comes to purchasing stock for your business, these services can be a great way for you to obtain cheaply priced, high quality goods. Likewise, for busine... Read >
Author: Brandi Abbey

Company Liquidation need not be the end of your business

Where a company is facing financial difficulty and unable to continue trading perhaps due to a downturn in business and the weight of its outstanding debts, the director or directors may decide the best course of action is to close the business. They will... Read >
Author: Derek Cooper

Winding Up Petition - Actions to take

Traditionally, if any creditor of a business owed more than GBP750 was struggling to collect its debt, that creditor could decide to petition for the winding up of the company. The action was intended to prevent the struggling business from continuing to ... Read >
Author: Derek Cooper

Why Not to leave your old company to a Winding Up Petition

It is becoming increasingly common that a company's creditors take action against it for unpaid debts in the form of a Winding Up Petition. If the debt remains unpaid and a winding up order is granted, the court will appoint a liquidator and the company w... Read >
Author: Derek Cooper

Avoid Compulsory Liquidation and protect yourself as a director

If you are a director of a company which is struggling and you feel that there is no possibility of turning the business around, you will need to shut the company. The legal term for this process is Liquidation. The Liquidation process will require realis... Read >
Author: Derek Cooper

Winding Up Petition often used to aid Debt Collection

Winding up (or compulsory liquidation) is the closest thing to bankruptcy for a limited company. The process is normally initiated by one or more of a company's creditors who feel that the company should be closed and cease trading. The creditor will pres... Read >
Author: Derek Cooper

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