How long does a liquidation process take?

There is no legal term for the completion of a liquidation case. Most liquidations take six to 24 months, some liquidations take a lot longer. The efforts of the receiver are aimed at completing the liquidation process expeditiously and this is monitored by the delegated judge. Still, a receiver is not always able to influence…

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Completion due to a lack of income

The liquidation is completed when there is a lack of income due to the realised assets not being enough to pay the liquidation costs (claims against the insolvent company). When the claims against the insolvent company cannot be paid, the receiver will send a request to the delegated judge to ask the court for completion…

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