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Under a court ordered winding up, a liquidator has the power to:
I. dispose of the property of the company.
II. use any legal methods to obtain money from a debtor.
III. commence legal proceedings on behalf of the company.
IV. pay the company's shareholders before paying the creditors.
Ethics of Duty
A moral philosophy that emphasizes following a set of prescribed duties and rules as the basis for ethical behavior.
Ethical Analysis
The process of examining ethical issues or dilemmas, typically involving a structured examination of values, principles, and moral outcomes of decisions or actions.
Staffing Agency
A company that matches employers with employees to fill job positions, often on a temporary or contract basis.
Financialization
The increasing dominance of financial markets, financial motives, financial institutions, and financial elites in the economy, affecting decision-making and resource allocation.
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