Liquidator Definition Duties Example And Remuneration
Liquidator Meaning Closing down a business or company by selling assets to pay creditors and distributing the remaining, if any, to shareholders, usually in a legal manner, is known as the liquidation of a company. It forms the core part of the wind-up process of a company. The entity performing liquidation must be independent and impartial. Key Takeaways A liquidator refers to an entity appointed for a company’s liquidation process.They are provided with certain rights and duties to take care of a company’s winding-up process....