BPP Black Friday sale! (28 Nov-1 Dec)

40% discount on all BPP books specially for OpenTuition students!
Get it here >>

declaration of solvency

This topic has 1 reply, 2 voices, and was last updated 11 years ago by MikeLittle.

Viewing 2 posts - 1 through 2 (of 2 total)

Author
Posts
December 7, 2013 at 8:34 pm #151560
bik123
Member
- Topics: 55
- Replies: 79
hi
is declaration of solvency(statement needed to carry member voluntary winding up ) and solvency statement(needed to reduce capital by private company without applying to the court) the same thing?
December 8, 2013 at 3:43 pm #151639
MikeLittle
Keymaster
- Topics: 27
- Replies: 23352
Effectively, yes. They are both seeking to show that the company is in a sound enough financial position that the creditors’ interests will not be adversely affected
Author
Posts

Viewing 2 posts - 1 through 2 (of 2 total)

You must be logged in to reply to this topic.