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Bill received a poor performance evaluation in his job last year.Since then Bill has started working through his lunch hour,has taken on four special projects,and has enrolled in night classes to upgrade his computer skills.If Bill receives a better evaluation at his next performance it will be hard for him to figure out why because
Registered Liquidator
A qualified individual authorized to act in relation to the winding up of insolvent companies, managing the process of realizing assets, paying creditors, and distributing any remaining assets.
Voluntary Winding Up
A process initiated by a company's shareholders to close the company, selling off its assets to pay creditors and distributing any remaining assets to shareholders.
Receivership
The first form of external administration prescribed by the Corporations Act. Receivership involves a receiver, receiver–manager or controller being appointed by a court or by secured creditors in order to protect the security of those creditors.
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