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Good to know
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A company is not always dissolved when a liquidator is appointed. If the majority of the creditors agree, a debt restructuring moratorium can also be agreed.
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Before declaring bankruptcy, there are various options to consider such as subordination of loans, a merger, a capital increase or a capital decrease.
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A solvent company can be dissolved voluntarily by a shareholder resolution. This process is known as the voluntary liquidation of shareholders. The purpose of the voluntary liquidation is to realize assets, pay the creditors in full and distribute the remaining balance to the shareholders
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