Just presume, your company is badly debt-ridden, and you need to liquidate all the resources
into cash. RBS auditing has the best Liquidation Services in Dubai. There are several reasons
why a company needs to get liquidated to reimburse the debt to the bank from which the
company needed the loan, creditors, or lending companies. The process of liquidation
includes the selling of all the company’s possessed items, such as products, land, raw
materials, machinery, and another commodity that can be sold out or auctioned whereas some
items are purchased by the buyers.

Company liquidation is of two types-
Voluntary Liquidation/ compulsory liquidation
Liquidation by court
Voluntary liquidation is the shutting down of companies by shareholders or creditors of the
company who passes the legal resolution. During the meetings of shareholders, an official
liquidator is appointed, who is responsible for the winding up of the company, and such
liquidation is also called compulsory liquidation.
Employees are considered the primary creditors. The pending dues of the employees are
cleared.
Sometimes the company files a petition for liquidation to the court by itself, when it gets
failed financially, or is unable to pay off its pending dues.
According to the UAE Freezone Company Liquidation service, a company in a good state
will not get subjected to the liquidation process. Whereas, if a company cannot show proper
growth and is not capable of paying off debts, then only the creditors can take action against
the company.

Perks of Liquidation services:
 Liquidation happens to the company, not the people of the company.
 Creditors are not allowed to chase directors of the company after the company is
liquidated.
 Once the company is liquidated all the legal disputes against the company come to an
end.
 The liquidation management sanctioned the chosen liquidator.
If you are interested in our services for liquidation, please feel free to contact our customer
care for further details regarding these services. In addition to these programs, our company
also offers UAE Freezone Company Formation. RBS is one of the top leading service
providers in terms of tax and advisory, accounting, audit services. Our company possesses the
personality of a small firm but has the caliber of big firms. Our team has a long-term
experience in accounting, taxation, business advisory services, auditing, the management
consultancy. Our team consists of skilled individuals who are smart enough to manage the
risk of the clients and more. Our services are spread across Dubai, Abu Dhabi and Sharjah.