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Liquidation of the Companies

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A number of companies have gone into liquidation because they have not been able to meet their liabilitieswhen they fell due. In Australia, there are some well-publicised examples such as Aluminium BoatsAustralia, HIH Insurance and Stellar Homes.Discuss all three companies above and find (via electronic journals) the events that led up to the liquidation.Discuss the type of liquidation that was called for each. Were liabilities a major contributing factor thatled to their downfall?...

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Question Preview:

A number of companies have gone into liquidation because they have not been able to meet their liabilitieswhen they fell due. In Australia, there are some well-publicised examples such as Aluminium BoatsAustralia, HIH Insurance and Stellar Homes.Discuss all three companies above and find (via electronic journals) the events that led up to the liquidation.Discuss the type of liquidation that was called for each. Were liabilities a major contributing factor thatled to their downfall?

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In this following assignment, we are going to discuss about three companies who faced the problem of liquidation in past few years. These companies went into liquidation as they became incapable of paying their liabilities and other dues on time. Further, in this assignment we will be discussing about the facts that has led to the liquidation of the companies. Apart for this, we will evaluate the role of governance, ethics and other contributors in the liquidation of the companies.

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