What does it mean if a company files for insolvency?

UK company liquidation involves closing down a company’s activities. A company may wind up due to various reasons which may be voluntary or involuntary. Involuntary liquidation. It is also known as compulsory liquidation. In this type of liquidation, a party files a petition in court to have the company liquidated. The party may be shareholders, … “What does it mean if a company files for insolvency?”

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