How limited company insolvency can Save You Time, Stress, and Money.
Bankruptcy is really a legal process where by the debtor is declared as remaining not able to shell out his debts. The affairs in the debtor (i.e., debtor’s belongings and liabilities) are then put ahead of a bankruptcy trustee within the passions of his creditors commonly. The bankruptcy trustee will both be the Official Receiver or any Insolven