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Help needed on Occupation

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Christine in Herts

Christine in Herts Report 27 Dec 2004 15:19

Your "liquid assets" are things like cash and bank accounts. The Liquidator is supposed to turn all the other assets (equipment, machinery, property, furniture...) into liquid assets - i.e. he gets them sold to raise money to pay off the creditors. Christine

Slinky

Slinky Report 27 Dec 2004 13:24

Liquidator is the person responsible for winding up a company...when they go bankrupt or the official receiver goes in.

Luciacw

Luciacw Report 27 Dec 2004 13:19

What does a liquidator do? Thank you for your help, Lucia :-)