consolidating two mortgages - What is liquidating assets mean

Although directors are not normally held liable for the debts of a limited company, it is possible to be ordered to pay a contribution to the assets of the company if the court finds you guilty of wrongful trading.

This is a very real possibility if you continue to trade insolvently without fulfilling your duties as a director.

Cam caht yutube - What is liquidating assets mean

I understand that the last people you would ever want to speak to would be a business rescue firm, but I also know that trying to understand your options can be equally challenging.

I have seen every eventuality in business and can help clarify what your options are.

settle the affairs of by determining the debts and applying the assets to pay them off Familiarity information: LIQUIDATE used as a verb is uncommon.

If a company goes into liquidation and owes you money, whether you get it back from the liquidator depends on a number of factors, including whether there is money available to make any payments at all.

Liquidation, also referred to as "winding up", is the process by which a company’s assets are liquidated and the company closed, or deregistered.

Last modified 31-Jul-2018 20:56