Liquidating company nz dating people with disabilities

This occurs when a creditor of the company petitions to liquidate the company by issuing a statutory demand.If the statutory demand goes unremedied, then that creditor can apply to the High Court to put the company into liquidation.

However, this is possible only if the constitution of the company specifically allows for the board to make this decision as voluntarily appointing a liquidator to a company is a shareholder decision.We couldn't find a director or shareholder matching "[keyword]".Try checking the spelling of your search or reducing the number of words.If liquidation does occur, it is important to appoint a liquidation specialist that you can trust.Their role is reporting to the Companies Office, and selling and distributing assets to creditors according to the law.