liquidator
ਨਿਰਧਾਰਕ
definition
noun
As noted above, an unregistered company charge is void as against both subsequent creditors and the liquidator and administrator.
a person appointed to wind up the affairs of a company or firm.
example
Accountancy sources said the office originally rejected the advice of the 'liquidator' on a large number of cases.
A 'liquidator' would also be obliged to notify creditors before selling assets to a former director.
As noted above, an unregistered company charge is void as against both subsequent creditors and the 'liquidator' and administrator.
No-one was in any doubt that the best option for creditors was the appointment of an examiner, rather than a 'liquidator' .
They appointed a 'liquidator' to an undoubtedly insolvent company that has no assets.
It also said that office of the official 'liquidator' should be closed and the trustee should exercise all powers and functions.
The banks and Revenue Commissioners did not object to the 'liquidator' 's appointment.
The 'liquidator' looked for clarification but got none, his counsel added.
He said the company would work with the 'liquidator' on ways to discharge its debts to creditors.
Under UK insolvency law they're last in line to be paid when businesses are wound up behind former staff, secured creditors, 'liquidators' and the tax man.
The knock-on effect is that 'liquidators' will not take on jobs where there is no money in the failed company to cover their fees.
Its assets were auctioned internationally by the 'liquidators' .
The 'liquidators' themselves have first call on the company's assets to pay their fees.
Anyone who paid by cash or cheque would have to wait until receivers or 'liquidators' had been appointed to deal with the firm.
Previously, 'liquidators' did not have to provide their reports to directors.
The 'liquidators' will not ask for delisting until there is no hope of a buy-out.
Its office received 699 reports from 'liquidators' last year.
We are providing all the assistance we can to both the police and the 'liquidators' .
Instead, they face weeks of wrangling with the firm's 'liquidators' .
But the bank has since refused to negotiate over the £70 million plus costs it is claiming from the 'liquidators' .
Credits: Google Translate
