Compulsory liquidation at the request of creditors

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Reorganization
We have already talked about the procedure for reorganization and liquidation. Now let's look at the main stages of the business reorganization process:

valuation of assets and preparation of liquidation;
notification of the Federal Tax Service and publication lebanon whatsapp phone number of information in the State Registration Bulletin;
fulfillment of financial obligations to creditors and the budget;
Submission of documents to the Federal Tax Service: can be submitted in person or through the MFC;
obtaining an extract from the Unified State Register of Legal Entities: provided within five days after submitting the application.
It is important to note that the company's debts do not evaporate during the reorganization process. They are transferred in full to the new owner.



It is important for creditors that unscrupulous entrepreneurs do not liquidate their businesses before their financial obligations are fully met.

Therefore, in the event that the debtor ignores the demands of counterparties, creditors have the right to apply to the court with a claim for forced liquidation.

Judicial liquidation provides confidence that the liquidation process will be independent and that the appointed liquidator will act in the interests of all creditors.

Creditors can make motivated demands regarding the debtor's bad faith actions. This not only provides additional protection for financial interests, but also prevents similar cases in the future.