How liquidation business works?

Ads
Victor Dub Offline referral

Posts: 90
Joined: Oct 2013
Reputation: 0

#1
Member
Does any body have the will to explain how to make money on #liquidation business?
jeffronald19 Offline referral

Posts: 76
Joined: Jan 2017
Reputation: 0

#2
Member
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.
softrapid Offline referral

Posts: 47
Joined: Oct 2016
Reputation: 0

#3
Junior Member
For understanding this process one has study the share market in order the whole scenario.
rinatripathi31 Offline referral

Posts: 59
Joined: Feb 2017
Reputation: 0

#4
Member
Few business owners know exactly how liquidation works in South Africa. It is a complex process, requiring a court application.
softrapid Offline referral

Posts: 47
Joined: Oct 2016
Reputation: 0

#5
Junior Member
I think research and study on this topic will help
HamzaAfzal Offline referral

Posts: 283
Joined: Oct 2017
Reputation: 0

#6
Senior Member
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.
sophiawatson175 Offline referral

Posts: 55
Joined: Aug 2018
Reputation: 0

#7
Member
If due to any reason a company fails to pay the credits in time, then it can go into liquidation, there are two types of liquidation, one is voluntarily other is involuntarily. In first the company voluntarily sells the assets and repays the credit, while in 2nd type the assets are hold by bank and they sell them to get as much credit returned from the company.



Google this topic


User(s) browsing this thread: 1 Guest(s)