Common Mistakes That You Should Avoid While Liquidating Your Company
                     Common  Miistakes  That  You  
Shoulld  Avoiid  Whiille  Liiquiidatiing  
Your  Company
An IIntroductiion
Liquidating or winding up your company is the process in which a 
liquidator collects and sells the assets of the company to pay off 
debts owed. Once the debt gets paid, the company is dissolved. 
Clearly, company liquidation is a great way to close a company 
that is no longer to trade because of its pending debts. When it 
comes to liquidating your company, hiring a project management 
company is an ideal choice! There are so many companies out 
there! MPMS is a project management company that can help you 
with company liquidation in Dubai, UAE.
Common  miistakes  that  you  shoulld  avoiid  
whiille  lliiquiidatiing  your  company::
01 Liquidating Too Late
02 Poorly Prepared Statement of Affairs and Chairman’s Statement
Answering Questions of Creditors in an 
03 Inappropriate Way
Liiquiidatiing  Too  Late
According to the law, a company goes into liquidation when it is 
unable to pay off its debts. Certainly, this is a difficult moment but 
it’s important. Many business owners push time which leads to so 
many penalties and unnecessary expenses.
Poorlly  Prepared  Statement  off  Affffaiirs  and  
Chaiirman’’s  Statement
Before stepping into the process of company liquidation, you need 
to take care of all necessary documents. Many business owners 
don’t take care of documentation which impacts their company 
liquidation process.
Answeriing  Questiions  off  Crediitors  iin  an  
IInappropriiate  Way
You need to understand that handling the question of your 
creditors correctly is important. If you can’t be able to handle those 
questions and concerns, then investing in professional company 
liquidation services is an ideal move.
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