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How liquidation business works?
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Actually, there are two ways a company can go into liquidation – voluntarily, in a voluntary liquidation, or involuntarily, in a compulsory liquidation. During the liquidation process the assets of the insolvent business are sold and the proceeds are used to repay as many creditors as possible.
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For understanding this process one has study the share market in order the whole scenario.
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Few business owners know exactly how liquidation works in South Africa. It is a complex process, requiring a court application.
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I think research and study on this topic will help
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The liquidation process starts when a company is declared insolvent or get into insolvency as there are two methods of insolvency one is known as voluntarily and other is by law or compulsory as in this process the company is liquefied and the assets of company is sold and then they try to pay that amount to as many creditors.
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