The process of company liquidation
“Winding up” or Liquidations of debt or management problems are one of the services we can help your company to change for the better. There are two ways a liquidation might happen; voluntarily or compulsory. This process disables any assets the company had or still have and are sold off collectors and so on, to pay any debt that have occurred either by low revenue or legal claims.
NorPerformance will encourage your administration to follow the purpose of liquidation by finding a strategy for settling legal claims, meeting deadlines for crucial paperwork and upholding communication about the current situation, make payments to creditors, the future of the company and its assets as well as determining the collector claim may it be banks, taxes, shareholders or employees. If you choose to postpone this process, it might be even more damaging to your outcome. Your administration act carefully, since continuing business and trading while acting recklessly as a director might end up facing you with liability.
The company’s property, holdings, funds or belongings are then no longer in the ownership of the company. In other words, your company will be bankrupt and dissolved unless the debt is paid, although some clients might desire such outcomes. We will use all our capabilities to make you as satisfied as we can, within reason and legislations.
We can assist with the proceedings needed to take care of the supervision of the process and handle the staff and administration during that period.
NorPerformance will encourage your administration to follow the purpose of liquidation by finding a strategy for settling legal claims, meeting deadlines for crucial paperwork and upholding communication about the current situation, make payments to creditors, the future of the company and its assets as well as determining the collector claim may it be banks, taxes, shareholders or employees. If you choose to postpone this process, it might be even more damaging to your outcome. Your administration act carefully, since continuing business and trading while acting recklessly as a director might end up facing you with liability.
The company’s property, holdings, funds or belongings are then no longer in the ownership of the company. In other words, your company will be bankrupt and dissolved unless the debt is paid, although some clients might desire such outcomes. We will use all our capabilities to make you as satisfied as we can, within reason and legislations.
We can assist with the proceedings needed to take care of the supervision of the process and handle the staff and administration during that period.