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This type of liquidation happens when a company director realizes that they won`t be able to pay its debts on time or when the liabilities

This type of liquidation happens when a company director realizes that they won`t be able to pay its debts on time or when the liabilities exceed the asset value. a. Insolvent liquidation b. Creditor`s liquidation c. Member`s voluntary liquidation d. Solvent liquidation

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