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Business Webinar Program Liquidation and Insolvency
10th June, 2021 @ 10:00 am – 11:00 am
|Options facing liquidation or insolvency |
Liquidation is the process of selling a business’s assets to produce enough cash to pay back creditors. It ends in the business closing. If a company is not able to make ends meet, liquidation is one option to pay creditors and close the business. It should noted that liquidation is just one business exit strategy option.
Insolvency is when a company is unable to pay its debts or when it has more liabilities than assets on its balance sheet, this being legally referred to as “technical insolvency”.
Liquidation is a legal ending of a limited company.
(Speakers to be announced)