Liquidation (this is the link to be clicked on and the below mentioned information must be given):
Liquidation is a process of bringing a Company to an end and distributing all Company assets to claimants. This process usually occurs when the Company is declared as insolvent, and the Company cannot pay its debts.
Sequestration (this is the linked to be clicked on and the below mentioned information must be given)
The term sequestration is used when the estate of a person is sequestrated (that is, the estate of a person who is no longer able to pay his or her debts due to uncontrollable circumstances is surrendered by order of the Court). The estate of natural persons, partnerships and trusts can be sequestrated.
Article 1: Liquidation and Sequestration (this must be a separate link on which clients can click. We will send this article to you in due course.)
