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Article Category: Company and partnership |
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Compulsory liquidation
Bankruptcy is one route you can take if you have debts you cannot pay. It frees you from your debts, but your assets are divided among your creditors and restrictions are placed on your future business activities.
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Voluntary liquidation
Bankruptcy is one route you can take if you have debts you cannot pay. It frees you from your debts, but your assets are divided among your creditors and restrictions are placed on your future business activities
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