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Understanding 強制清盤 in Business and Law

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The term 強制清盤 refers to compulsory liquidation, a legal process where a company is ordered by the court to wind up its business operations. This usually happens when a company is unable to pay its debts and creditors petition the court for repayment through liquidation. The company’s assets are collected, sold, and distributed to creditors in order of legal priority. What is 強... https://www.ruthy-chan-bankruptcy.com/compulsory-winding-up
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