In accounting why liquidating is declaired

In accounting why liquidating is declaired

If a liquidation committee refuses to satisfy the claims of a creditor, then a claim against it may be raised and if it’s considered valid, the creditor will receive the payment from the remaining assets of the liquidated company.

The Russian taxation authorities must be announced regarding the liquidation of a company no longer than three days since the decision.

Creditors are paid as much as possible and the company ceases to exist.

I understand that the last people you would ever want to speak to would be a business rescue firm, but I also know that trying to understand your options can be equally challenging.

A court decision regarding the liquidation of a company may be taken if the company fails to observe the Russian laws, like having proper licenses or practicing an activity forbidden by the law.I have seen every eventuality in business and can help clarify what your options are.In a compulsory liquidation, a party lodges a winding up petition with the court to have the insolvent company wound up in order to recover the outstanding debt.The remaining goods are divided among the shareholders. The end of the liquidation process must be reported immediately to the Unified State Register of Legal Entities.Only after this submission is the company considered liquidated.

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