LIQUIDATION OF COMPANIES

Added on - 26 Nov 2019

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Running head: LIQUIDATION OF COMPANIESFactors Leading to Company LiquidationName of the University:Name of the Student:Authors Note:
1LIQUIDATION OF COMPANIESExecutive SummaryThrough taking examples of the selected companies those are well-published such as ABCLearning, HIH Insurance and One Tel Phone Company, the current paper will consider revealingseveral factors that contributed to liquidation of these companies along with certain ethics andgovernable aspects that describes such financial stress. The objective of the paper is to reveal thereason for which several companies went into liquidation. The paper revealed that as thecompanies were not capable to pay its creditors, entering within formal insolvency appointmentmight be deemed unavoidable. An option that can be considered by these companies is to sell thebusiness or assets to a different organization which can trade profitably in future.
2LIQUIDATION OF COMPANIESTable of Contents1. Introduction......................................................................................................................32. Events Leading to Liquidation.........................................................................................32.1. Events Leading to ABC Learning Liquidation.........................................................32.2. Events Leading to HIH Insurance Liquidation.........................................................32.3. Events Leading to One Tel Phone Company Liquidation........................................43. Ethics and Governance in Companies.............................................................................43.1. ABC Learning Company Ethics and Governance Failure........................................43.2. HIH Insurance Company Ethics and Governance Failure........................................43.3. One Tel Phone Company Ethics and Governance Failure.......................................54. Company Liquidation due to Liabilities..........................................................................54.1. ABC Learning Company Liquidation Due to Liabilities.........................................54.2. HIH Insurance Company Liquidation Due to Liabilities.........................................54.3. One Tel Phone Company Liquidation Due to Liabilities.........................................55. Recommendations............................................................................................................66. Conclusion.......................................................................................................................6Reference List......................................................................................................................7
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