A liquidator’s costs can rack up pretty quickly depending on the nature of the business that is going to the wall. Not always of course. Winding up some companies can be a straightforward affair with few assets and creditors’ claims to dispose of, meaning few loose ends for the liquidator to tie up and a standard professional fee for their work. On the other end of the dial are hideously complex insolvencies involving international asset trails, multi-jurisdictional litigation, uncooperative directors, missing company books and records, fraud, bitter creditors, the works. Lawyers, experts, recovery agents will be hired and the costs…
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