Debts May Be Admitted by a Liquidator to a Liquidation

question 15

True/False

Debts may be admitted by a liquidator to a liquidation without formal proof of the debt.

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Definitions:

Centralized

A system or organization where decision-making authority is concentrated at a single point or in a small group, often leading to a more uniform and controlled management structure.

Administrative Leadership

Focuses on managing operations, processes, and systems within an organization to ensure efficiency and effectiveness.

Alignment

The process of adjusting elements in a line or bringing them into a proper orientation or agreement.

Control

The set of mechanisms used to keep actions and outputs within predetermined limits.