Compulsory liquidation: If the company has too much debt, its creditors and/or company members can apply to the court for liquidation.
After the winding-up petition is filed, the court will hear the winding-up petition, and finally the court will issue a compulsory winding-up order to wind up the company. Compulsory liquidation is the liquidation caused by the debtor's recourse to the court. When the creditor gets the value order, the company will receive a formal notice to pay off the debt within 2 1 day. If the company cannot repay, the creditor may apply to the court for compulsory liquidation. If there is no objection to the company's application for liquidation when it formally goes to court, the court will appoint the Official Receiver as liquidator. If there are some complicated liquidation matters, you can also hire an accountant to handle them. In addition, listed companies will be subject to more restrictions than private companies, because listed companies are subject to the supervision of both the Stock Exchange and the Securities and Futures Commission. If the company is applied for liquidation, it will have to stop its operation to prevent the stock price from fluctuating too much.
Tips:
① The above contents are for reference only, and no suggestions are made.
(2) There are risks in entering the market, so investment needs to be cautious. Before making any investment, make sure that you fully understand the investment nature and risks involved in the product, and then judge whether to participate in the transaction by yourself after carefully understanding and evaluating the product.
Reply time: 2021-11-22. Please refer to the latest business changes announced by Ping An Bank in official website.