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Published by Foez Dewan
Mar 17, 2021 in Insolvency

Simplifying the liquidation process: new laws for small businesses

The traditional winding up process is often criticised for being too slow and ineffective. In the vast majority of liquidations, there is little or no return to unsecured creditors, who only receive a dividend after the liquidator's fees and priority creditors have been paid in full. In an attempt to make the winding up process more efficient for smaller companies and address the increasing pressures of Covid-19 on small business, on 1...
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