When a company has closed or you are planning to close and you want someone else to deal with the tedious and time-consuming bureaucracy – we take action.
The duration of liquidation proceedings is approximately seven months. During liquidation proceedings, the procedure established by the legislator must be followed: prepare the initial balance sheet of the liquidation, inform the creditors, sell the assets, collect receivables, etc. Upon completion of the liquidation, the liquidator prepares a final balance sheet and a plan for the distribution of assets. If the company does not have enough money to satisfy the claims of all creditors, an application for a declaration of insolvency (bankruptcy) must be submitted to the court immediately.
The following steps must be taken:
Appointment and termination of liquidators
Publication of a notice of liquidation
Preparation of the opening balance sheet and annual report of the liquidation
Sale of assets, recovery of debts and satisfaction of creditors’ claims
Preparation of the final balance sheet and asset allocation plan
Deletion from the company register