Bankruptcy is a debtor’s insolvency announced by judicial decision. Debtor is insolvent when the creditor’s demands cannot be fulfilled, and this inability is not temporary due to the debtor’s financial situation.
There can be several reasons for a company to be liquidated: cessation of business being unsuccessful in business becoming insolvent insufficient accounting conflicts between stake holders, members of the board etc.
Redeeming problematic companies. If your company’s business does not satisfy you anymore sell it to us. This enables you to spend time on activities that comparing to dealing with the company’s liquidation are more profitable for you.