Liquidation

Liquidation means the termination of the existence of a solvent company based on the will of its owner (voluntary liquidation) or by force on the grounds provided by law (compulsory liquidation).

Unlike bankruptcy, liquidation of the company is carried out when the company has sufficient funds to settle all its liabilities, so all creditors can fully settled their claims.

Law Firm "Majkić & Majkić“ provides its clients the following legal services in the event of liquidation:

• Writing, registration and publication resolution of liquidation (to wind up the company voluntarily)
• Implementation of liquidation procedure as a liquidator
• Writing and publishing of the notice of liquidation
• Individual Notice to Creditors of initiation of liquidation procedure
• Compile a list of recognized and disputed claims
• Representing the company in liquidation in litigation and other proceedings
• Making liquidation balance sheet and statements
• Debt Payments
• The distribution of liquidation residue
• Completion of liquidation procedure and strike-off from the Companies Register

If you are a creditor of the company in liquidation, our office can assist you with:

• Submitting a claim
• Initiate litigation in order to determine and oblige to make payment of disputed claims
• Implementation of debt collection