Expert Liquidation Services for Business Closure & Asset Distribution
Seamless, Legally Compliant, and Hassle-Free Liquidation for Businesses of All Sizes
Services You Get from Our Liquidation Solutions:
● Company Dissolution & Closure – Assist in legally closing your business while complying with all regulations.
● Asset Valuation & Disposal – Evaluate and sell company assets to maximize returns.
● Debt Settlement & Creditor Negotiation – Help settle outstanding debts and negotiate terms with creditors.
● Tax Compliance & Final Filings – Ensure all tax obligations are met before closing the business.
● Shareholder & Stakeholder Settlements – Distribute remaining assets and finances among stakeholders.
● Insolvency & Bankruptcy Advisory – Provide guidance on insolvency and bankruptcy proceedings.
● Legal Documentation & Compliance – Prepare all required legal documents for a smooth liquidation process.
● Employee Compensation & Settlement – Assist in finalizing employee benefits and severance packages.
● Voluntary & Compulsory Liquidation Support – Handle both voluntary closures and court-ordered liquidations.
● Customized Liquidation Strategies – Tailored solutions based on your business type and financial situation.
Liquidation Services All over Bangladesh | Corporate.com
Liquidation typically occurs when a company becomes insolvent, meaning it cannot meet its financial obligations. At Corporate.com, we provide expert liquidation services to guide businesses through the financial and legal aspects of liquidation. When a company ceases operations, its remaining assets are sold to pay off creditors and shareholders, based on the priority of their claims. In essence, liquidation is the process that brings an end to a business while distributing its assets to claimants. Once the liquidation process is complete, the business no longer exists. Liquidation can also refer to the process of selling off inventory, often at significant discounts. While liquidation may have both advantages and disadvantages, it provides an opportunity for businesses to transition and pursue new opportunities after dissolution.
Types of Liquidation
There are several types of liquidation processes, each designed for different situations. These include:
- Creditors’ Voluntary Liquidation (CVL): For companies with debts
- Members’ Voluntary Liquidation (MVL): For companies without debts
- Compulsory Liquidation: A winding-up order issued by a court
- Official Liquidation
- Provisional Liquidation
Voluntary Liquidation Services in Bangladesh | Corporate.com
Voluntary liquidation is initiated by a company’s directors and shareholders through a formal resolution. The type of voluntary liquidation depends on the company’s solvency.
Members Voluntary Liquidation (MVL)
A Members Voluntary Liquidation is the formal process of winding up a solvent company. For this process to occur, the company must be able to pay all of its debts, and its tax records must be up to date. MVL is for businesses that are financially stable but choose to cease operations.
Creditors Voluntary Liquidation (CVL)
A Creditors Voluntary Liquidation occurs when a company is insolvent—unable to pay its debts as they become due. This process is initiated by the company’s directors and is specifically for businesses that cannot meet their financial obligations.
Official Liquidation
Also known as court liquidation, official liquidation is initiated when a creditor applies to the court to force the company into liquidation. This process is typically lengthy and costly for the creditor. It involves a statutory demand being served to the company, requesting payment. If the company fails to pay, the creditor can apply to the court for a winding-up order.
Provisional Liquidation
In certain circumstances, a provisional liquidator may be appointed by the court to protect the company’s assets while the liquidation process is underway. The provisional liquidator assesses the company’s position, safeguards its assets, and presents recommendations to the court for the best course of action.
Liquidation Procedure in a Nutshell
During the liquidation process, a liquidator performs several important tasks:
- Realizing the Assets: The liquidator works to achieve the best possible value for the company’s assets.
- Addressing Outstanding Claims: The liquidator addresses claims against the company, following local laws and regulations.
- Distributing the Returns: The liquidator organizes and executes the distribution of proceeds in accordance with legal priorities.
- Acting in the Best Interests of Creditors: The liquidator prioritizes the interests of the creditors, not the directors, throughout the process.
- Maximizing Returns for Creditors: The liquidator seeks the best possible return for creditors and aims to settle debts promptly.
Corporate.com: The Most Trusted Liquidator in Bangladesh
In the liquidation process, the director plays a crucial role in decision-making. Before liquidation, directors often focus on maximizing profits and returns for investors. However, once the liquidation process begins, the company’s objective shifts to settling outstanding debts.
The Corporate.com liquidation team works diligently on behalf of creditors to ensure the liquidation is handled swiftly and according to legal guidelines. As soon as the liquidation process starts, the company’s priorities change from profit maximization to debt settlement. Directors lose their decision-making power, which is transferred to the legal authorities, ensuring compliance with all relevant laws.
At Corporate.com, our professional team is committed to providing responsible and efficient liquidation services. We follow all applicable laws and regulations to ensure the liquidation process is smooth and legally compliant. Our liquidation experts are dedicated to managing the liquidation process from start to finish, ensuring the best possible outcomes for our clients.