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Liquidation life cycle
![[icon] Note.](./resolveUid/4e118f2ae9df05516f5333d8c7ef3475 "[icon] Note.")
Note
This is indicative only – actual liquidations may vary.
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Court order for liquidation Made on application by creditor/director/shareholder/ administrator/Registrar |
Pass resolution for voluntary liquidation Passed by shareholders, or Board as specified in company constitution |
Creditors pass resolution for liquidation at watershed meeting |
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Liquidator notifies Companies Office Company may also be in receivership or voluntary administration |
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Advertisement of Liquidation |
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Hold creditors meeting to confirm liquidator |
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Administration of Liquidation May include closure of business, realisation of assets, calling for claims, payment of dividends. May be terminated on application of director/shareholder/creditor etc |
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Send ongoing reports to creditors and Companies Office |
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Completion of administration Send Final Report, notify Companies Office and remove from Companies Register |