What is the cost of liquidating a company Bombey sexi woman

17-Aug-2016 11:07

A company director is anyone holding the position of Director, as well as anyone who is not officially a director but acts in that capacity.

Directors remain at the company after the commencement of the liquidation, but their powers are limited.

The liquidation is advertised in the Insolvency and Trustee Service’s website.

If the Official Assignee has been appointed liquidator, creditors can request a meeting of creditors to appoint a replacement liquidator. From the date of liquidation, the Official Assignee takes custody and control of all the company’s unsecured assets, and assists secured creditors where necessary.

Usually a private sector liquidator will be appointed as liquidator, for example, a chartered accountant.

However, the Official Assignee may be appointed as liquidator if the company is put into liquidation by a court order.

Once a company is in liquidation, unsecured creditors cannot start or continue legal proceedings against the company or its property, or start or continue to enforce rights against any property of the company, unless they have permission from the Court or the Official Assignee.Secured creditors can enforce securities where the company is in default. Secured creditors can uplift and sell any company assets over which they have security.

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