What Is Liquidation Explained By Accountants

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In law, liquidation is the process by which a company (or part of a company) is brought to an end, and the assets and property of the company are redistributed. • Liquidation is also sometimes referred to as winding-up or dissolution, although dissolution technically refers to the last stage of liquidation. • The process of liquidation also arises when customs, an authority or agency in a country responsible for collecting and safeguarding customs duties, determines the final computation or ascertainment of the duties or drawback accruing on an entry. • Liquidation may either be compulsory (sometimes referred to as a creditors' liquidation) or voluntary (sometimes referred to as a shareholders' liquidation, although some voluntary liquidations are controlled by the creditors, see below). • Why don't you subscribe to our FREE library and receive life changing, money making e-books? • Subscribe for ebooks: http://accountsdirect.biz/library/ • Visit our website: http://www.accountsdirect.biz • Try out our FREE business review: http://accountsdirect.biz/business-re... • Need Bookkeeping Services? http://accountsdirect.biz/our-service... • Need Payroll Services? http://accountsdirect.biz/our-service... • Contact us on 0161 832 1399 and ask for Stuart

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