(a) The company is unable to pay debts of 65,438+00,000 yuan or more;
(b) the court considers it fair and just to wind up the company. or
(c) The company has passed a special resolution to liquidate the company by the court.
Liquidation methods include:
(a) voluntary winding-up, including:
(1) Voluntary liquidation of company members (shareholders); and
(ii) Voluntary liquidation of creditors;
(b) The High Court of the China Special Administrative Region (hereinafter referred to as the "Court") was compulsorily wound up.
If the liquidation of the company is insolvent, shareholders will erode the company's capital, and in addition, they will be in trouble (unless.
If shareholders declare bankruptcy themselves, all the property under their names will be sold to pay off debts, including the shares of private companies under their names, which will generally be bought by other companies and buried with them. Shares. If the company is not a person, it will not be liquidated, because the limited company is a legal person and has limited influence on other shareholders. , reference: Official Receiver's Office,