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15 February 2022
Markef Accounting Voluntary Liquidation Of Business In Uae
Company Liquidation is the process of finalizing its affairs, which will involve the sale of assets, investigation of past actions, the equitable distribution of the assets of a company amongst its creditors, and thereafter to its shareholders., Also it can be defined as the process of selling an insolvent business assets and dividing them up between creditors to pay off debts. It can either be voluntary or compulsory.
Voluntary liquidation comes up with so many benefits for the company. This is because it is considered as a very good facility for the companies so that they may get rid of all their debt without being miserable anymore. The liquidation in UAE may also seem distressing but it can provide so many advantages as well
☑ Secures the health of the company
☑ Can be completed without owners
☑ Prevents companies from legal actions
☑ Presents creditors from taking legal actions
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