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liquidation |
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liquidationIn economics, the winding up of a company by converting all its assets into money to pay off its liabilities. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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In a compulsory liquidation, the unsecured creditors generally have the right to choose and appoint the liquidator. The Broli Cymraeg Trust, based in the landmark Clocktower building in Mostyn, went into compulsory liquidation and was wound up on June 17, Companies House has confirmed. Now Formula 10, which mainly did work for music festivals, has been put into compulsory liquidation and Adams, 44, banned from acting as a company director for six years. |
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