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What is a liquidator required to do in a compulsory liquidation?

April 26, 2017compulsory Liquidation liquidator

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What is a liquidator required to do in a compulsory liquidation?

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A liquidator is required to do the following: • realise assets for the benefit of creditors • investigate the conduct of the directors in the period leading up to liquidation • investigate the affairs of the company, and • if there are sufficient funds, pay a dividend to creditors.