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When was Motors Liquidation Company created?
Motors Liquidation Company was created in 1908.
What are the types of liquidation?
In the UK there are 3 types of liquidation; 1. Compulsory liquidation where the company is wound up by the court, usually at the instigation of a creditor. 2. Creditors voluntary liquidation (CVL) when a company is insolvent, this process is instigated by the directors of the company. 3. Members voluntary liquidation (MVL) is a solvent liquidation, basically all creditors are paid in full and there is a return to shareholders.
What is the different between bankruptcy and liquidation?
The main difference is laid in the cause of each situations. In bankruptcy, the major reason is that the company is unable to pay its debt at maturity so that the creditors petition for bankruptcy in order to recoup their debt. In liquidation or wind-up, it means that the company was brought to termination. The are many grounds for liquidation, such as the company unable to pay its debt (compulsory liquidation) or its member agree to terminate its activities ( voluntary liquidation).Please Note:There is also a difference between "Winding-up" and "Liquidation".Winding-up:It is a process / procedure by which assets of the company are realized and liabilities are settled. It may take several months. A liquidator is appointed to do all these activities. In essence, liquidator is the full in-charge of the company's affairs. The company still exists with its legal status as a company, but it cannot conduct its business (except required for beneficial winding-up of affairs).Liquidation / Dissolution:When all the assets of the company are completely realized and all liabilities are completely settled, and affair of the company are fully wound up, the company is liquidated. This is the end of the company's life. After liquidation, the company dies; it has no legal existence, no assets, no liabilities, no management, and nothing else. In pure legal terms, this is called "Dissolution"."Liquidation" is also used, alternatively, when a company becomes unable to pay its debts. Then, it is said that the company is liquidated.
What happens when you sublease a car and the company that you leased from goes into liquidation?
You will have to make the payments to the company that purchases their assets, it doesn't mean you get a free car.
What is a liquidation notice?
If this question has been asked in relation to the Indian laws than a liquidation notice means in orders issued under the Indian companies act 1956 seeking the liquidation of the company on account ofseveral reasons including Default in payment by the company. did notice is for a period of 21 days and if the company fails to show cause or make payment, then the issuer of the notice can seek liquidation of the company.
What happens to a convertible debenture after liquidation of a company?
Its worthless.
What has the author Andrew R Kealy written?
Andrew R. Kealy has written: 'McPherson's law of company liquidation' -- subject(s): Liquidation
What will come first dissolution or liquidation?
Dissolution is same for partnership as liquidation for company and both are separate and no one come before or after each other.
What does liquidation of ghetto mean?
to get rid of the jews
Distinguish between internal and external reconstruction of a company?
internal reconstruction no new company is formed in external reconstruction an existing company is dissolved and a new company is formed with the same shareholdders. there will be absence of liquidation expenses in internal reconstruction. liquidation expenses is present in external reconstruction.
What does status mean in drama?
status mean like you are judging someone else on there level ex: if you are the boss of a company you have the higher status your employments has the lower status
What does company benchmarking mean?
comparing a company standard e.g financial status against the other company that deals in the same business
