Liquidation
& Deregistration
& Deregistration
Liquidation or deregistration refers to officially closing down a company or business entity. This process involves selling assets, paying debts, and distributing remaining funds to shareholders or owners.
As the liquidation process can be complex and time-consuming, Deltoid’s legal and financial experts strive to help businesses looking for professional support to proceed with the liquidation process.
The liquidation process can be voluntary or involuntary. In a voluntary liquidation, the company's owners or shareholders dissolve the business and appoint a liquidator (like Deltoid) to oversee the process. In an involuntary liquidation, a court or other regulatory body orders the company to liquefy due to bankruptcy, insolvency, or other legal reasons. Deltoid’s top-notch liquidation services as a liquidator and consultant are available for all kinds of businesses operating in any region of the world.
Our Services
Deltoid’s remarkable consulting and support services for liquidation are as follows:
Deltoid has professional hands-on experience with the liquidation process. We stand with you throughout the process, guiding and supporting you through every step. The method of liquidation involves the following steps:
- Appointment of a liquidator – As a liquidator, Deltoid manages the liquidation process and ensures the sale of all assets and payment of all debts.
- Sale of assets – The liquidator sells the company’s assets to generate funds to pay off outstanding debts.
- Payment of debts – Deltoid, as a legally authorized liquidator, uses the funds generated from the sale of assets to pay off any outstanding debts or liabilities the company owes.
- Distribution of remaining funds – Any remaining funds are distributed to shareholders or owners per their ownership percentage.
- Deregistration – Upon paying all debts and selling assets, the official deregistration of the company occurs with the relevant government agencies.
A liquidator’s report is a document prepared by the liquidator, Deltoid, who oversees the liquidation process of a business. Deltoid’s liquidator provides a detailed report of the findings and actions taken during the liquidation process.
The report contents may vary depending on the nature and complexity of the liquidation. However, the report prepared by Deltoid typically includes the following information:
- Introduction – An overview of the process and the reasons for liquidation.
- Overview of the company’s affairs – Overview of financial affairs, including assets, liabilities, and outstanding debts.
- Actions taken during liquidation – The actions taken by Deltoid as a liquidator during the liquidation process, including the sale of assets, payment of debts, and distribution of remaining funds to shareholders or owners.
- Summary of receipts and payments
- Details of outstanding debts
- Details of legal proceedings (if any)
- Conclusion – A summary of the liquidator’s findings and recommendations.