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Can a ex director of a voluntary liquidated company start a new company?
Yes, an ex-director of a voluntarily liquidated company can start a new company, provided they are not disqualified from acting as a director. If the previous company was liquidated without any wrongdoing, there are generally no restrictions on starting a new business. However, they should be cautious about any outstanding debts or obligations from the liquidated company that could affect their new venture. It's advisable to seek legal or financial advice to ensure compliance with relevant regulations.
What is a sentence using the word liquidated?
The bankrupt company's assets were liquidated following the court proceedings. (The word liquidated was also used as a euphemism to indicate killing off rivals or political opponents.)
What happens to merchandise when a company is liquidated?
When a company is liquidated, its assets, including merchandise, are sold off to generate funds to pay creditors. The process typically involves auctioning or selling items at discounted prices to quickly convert them into cash. Any unsold merchandise may be disposed of or donated. Ultimately, the goal is to settle debts and distribute any remaining funds to shareholders if applicable.
What happens if a company issues stock that has not yet been authorized?
They fail.
What rights does shareholders and suppliers of loan have over operating income of a company.?
in the case of a company being liquidated, the suppliers of finance have the first preference over the assets of the company. One they have all been paid, then the preference shareholders will be ther next one to be paid. If there is any assets left, then the ordinary shareholders would be considered.
Steve and barry stores in Ohio?
Steve & Barry's stores no longer exist. As of 2008, the company filed bankruptcy and liquidated all stock.
Did any other insurance company take over inforce policies from University Life Insurance Company of America when they were liquidated in 1987?
If a company was liquidated and there were in force policies at the time, they can still be paid by your state's Life Insurance Guaranty Association, which is a group that pays claims for insolvent companies and then assesses the costs to all other life insurers in that state. You can contact your state's insurance Department to find out how to reach the Guaranty Association.
What happens if there is no beneficiary to the estate?
The estate goes to the state. They will then determine what to do with it. Typically the estate is liquidated, everything sold off and the money goes into the state budget.
You owe money to a liquidised company do you still have to pay?
I'm not sure what a "liquidised" company is. If you mean a liquidated (i. e., bankrupted) company, your debt remains and was probably purchased with the other assets of the company by some other business or person.The new owner of the debt should notify you of the place to send payments. This assumes you have kept your address current with the liquidated creditor. If you cannot receive the notice because you failed to do so, you could find yourself with a big surprise when they do find you.
What is the difference between preferred and common stockholders?
Preferred stockholders have a greater claim on the assets and profits of a company compared to common stockholders. If a company is liquidated, preferred stockholders have to be paid first before the common stockholders.
Can you claim a investment loss on stock for a company that went out of business even if you did not sell the stock?
Yes. If a company goes bankrupt and, especially, if its business is liquidated, you can claim the full loss on the stock in the year the event occurred.
What happens if you no longer have the car and the finance company trying to repossess?
Someone has the car and the finance company has a lien on it. Any sale would have been fraudulent.
