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Liquidator
Practical Law UK Glossary 3-107-6771
(Approx. 4 pages)
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Glossary
Liquidator
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An
insolvency practitioner
whose functions on either a compulsory or voluntary
liquidation
are to collect in the company’s assets, realise them and distribute them to the company’s creditors and, if there is a surplus, to the persons entitled to it.
For further information, see
Practice note, Liquidation: overview
and
Practice note, Liquidators' powers
.
End of Document
Also Found In
Regulation, Powers and Duties of Insolvency Practitioners
Liquidation
Resource ID
3-107-6771
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England
Wales
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