What's the difference between liquidation and bankruptcy?
Автор: Chris Worden at Director First
Загружено: 2021-05-21
Просмотров: 1388
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https://meetings-eu1.hubspot.com/shau... 🔴What's the difference between liquidation and bankruptcy?
🔴Are they the same thing? The short answer is no and here is why.
🔴Both are legal processes that happen when debts are left unpaid.
✅Bankruptcy is for a private individual
✅Liquidation is an insolvency process that a company undertakes.
🔴If I liquidate my company does that mean I’m also bankrupt?
✅No, a company liquidation has no bearing on your personal credit file whatsoever.
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