The main role of the liquidator:
A) is to act as an insolvency practitioner.
B) is to gather the assets of the company and pay the creditors.
C) is to dissolve the company.
D) is to condut the company's business.

Question

Quizplus · Accepted Answer

The main role of the liquidator is to gather the assets of the company and pay the creditors. They are appointed to oversee the winding-up process of a company and distribute the remaining assets to the creditors and shareholders according to the priority of claims.

The Main Role of the Liquidator