1 thought on “What is liquidation asset liquidation work”

  1. According to the relevant laws of my country, the liquidation work refers to the cleanup and settlement of assets, debts and debt after the company enters the bankruptcy procedure. The liquidation work includes the cleanup of the company’s property, compiles the balance sheet and the list of property; handling companies related to liquidation -related companies; taxes owed to the taxes and taxes generated during the liquidation process.
    [Legal basis]
    “The Company Law of the People’s Republic of China” Article 184 The liquidation team exercises the following powers during the liquidation: (1) Clean up the company’s property and compile the balance sheet and property list separately ; (2) Notice and announcement of creditor; (3) handling companies related to liquidation related companies; (4) taxes that have the tax arrears and the tax incurred during the liquidation; 6) The remaining property of the company after paying off the debt; (7) represents the company’s participation in civil litigation activities.

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