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A formal insolvency process used to close a company that has reached a position of insolvency.
Liquidation used when a company is solvent and the shareholders wish to close down the company.
If you want to liquidate your company but there are no assets remaining, then choose No Asset Liquidation.
This allows the director of the company to be able to purchase the goodwill and assets of the company.
Compulsory Liquidation of a company should be used as a last resort by any party wanting to wind-up a company.
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