Compulsory Liquidation
The parties who are entitled by law to petition for the compulsory liquidation of a company vary from jurisdiction to jurisdiction, but generally, a petition may be lodged with the court for the compulsory liquidation of a company by:
- the company itself
- any creditor who establishes a prima facie case
- contributories
- the Secretary of State (or equivalent)
- the Official Receiver
Read more about this topic: Liquidation
Famous quotes containing the word compulsory:
“Lesbian existence comprises both the breaking of a taboo and the rejection of a compulsory way of life. It is also a direct or indirect attack on the male right of access to women.”
—Adrienne Rich (b. 1929)