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meaning of " in liquidation"

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  • 19-06-2013 2:59pm
    #1
    LoveCoke
    Registered Users Posts: 453 ✭✭


    When a business is in liquidation but is still open to and trading is it just waiting to finish? Or does it mean there is a chance of it being taken over


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    #2
    dbran
    Registered Users Posts: 2,094 ✭✭✭dbran


    Hi

    It depends. The company itself is finished but the liquidator could still be looking to sell on the business to an interested party as a going concern.

    Regards


    Dbran


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    #3
    LoveCoke
    Registered Users Posts: 453 ✭✭LoveCoke


    dbran wrote: »
    Hi

    It depends. The company itself is finished but the liquidator could still be looking to sell on the business to an interested party as a going concern.

    Regards


    Dbran
    ok thanks did not know that

    If a company had two directors is one or both neccessarily the owner


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    #4
    dbran
    Registered Users Posts: 2,094 ✭✭✭dbran


    No. That would be the shareholders.


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    #5
    Gloomtastic!
    Registered Users Posts: 8,486 ✭✭✭Gloomtastic!


    If a company is in liquidation, isn't the liquidator running the business as opposed to the former directors?


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    #6
    dbran
    Registered Users Posts: 2,094 ✭✭✭dbran


    Yes. The former directors have no further function in the company. It is the liquidator who now takes over their role.


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