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Resolution to Voluntarily Liquidate Occ  Form

Resolution to Voluntarily Liquidate Occ Form

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Going into liquidation can seem like heading off into the unknown Although it may seem frightening it isn't really that bad In fact by the end of this video... ...the road ahead should seem a lot clearer The first step in liquidation is creating a statement of affairs Now, this might sound like a heavy legal document But it's actually a brief summary of your business finances which you present at the meeting of creditors. You've probably heard all sorts of stories about what happens at these meetings but the reality is usually a lot quieter if anyone turns up at all! Once that is over, your company is formally in liquidation and the liquidator can get on with their job They will normally process staff redundancies first even, if the company cannot afford to pay them the redundancy payments office will In order to have somewhere safe to put any money coming into the company the liquidator will set up a client accounts any debts paid to the company, will go in the

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