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Understanding 公司強制清盤 (Compulsory Winding Up of a Company)

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The term 公司強制清盤 refers to a compulsory winding up of a company. It is a legal process where a court orders the liquidation of a company’s assets to repay debts owed to creditors. This usually happens when a business becomes insolvent and can no longer meet its financial obligations. Unlike voluntary liquidation, where the company’s directors or shareholders decide to close, comp... https://www.ruthy-chan-bankruptcy.com/compulsory-winding-up
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