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There are a number of ways a company can go into liquidation. In most cases, where the company decides to call it quits, the shareholders will appoint a liquidator.

This section deals with the impacts of a receivership on a company and its creditors.

VA is about trying to save a company that is trading profitably, but has debts that make it insolvent.

A Personal Compromise is an alternative to bankruptcy and is particularly important for individuals who wish to continue to have a presence in the commercial world.

Part XIV Compromise is an alternative to liquidation, receivership and administration.