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Where a company cannot pay its debts as they fall due, and where, after due consideration by its directors, it is determined that there is little prospect of survival for the company, then the company may voluntarily enter liquidation. Where the directors recognise the gravity of the situation and take action to put the company into liquidation and appoint a Liquidator, this is the responsible course of action to take and reflects well on the directorscan you buy viagra in dubai.
cheapest generic viagra cialisWhere the directors allow a situation to become hostile, then a Creditor may force the issue and appoint a Liquidator through Petitioning the Court or, if the Creditor holds a charge over assets of the company, it may appoint a Receiver. While some elements of the business may survive as a going concern after these processes, the ownership of those businesses will no longer remain with the company. While a company may survive receivership, it is likely that the basis of its business will be gone and that liquidation will follow.
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