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Liquidation refers to the process by which a company is brought to an end, and the assets and property of the company redistributed. Liquidation can also be referred to as winding-up or dissolution, although dissolution technically refers to the last stage of liquidation. Liquidation may either be compulsory or voluntary. Voluntary liquidation occurs when the members of the company resolve to voluntarily wind-up the affairs of the company and dissolve. Voluntary liquidation begins when the company passes the resolution, and the company will generally cease to carry on business at that time (if it has not done so already). If the company is solvent, and the members have made a statutory declaration of solvency, the liquidation will proceed as a members' voluntary winding-up. In such case, the general meeting will appoint the liquidator's). If not, the liquidation will proceed as a creditor's voluntary winding-up, and a meeting of creditors will be called, to which the directors must report on the company's affairs. Where a voluntary liquidation proceeds by way of creditor's voluntary liquidation, a liquidation committee may be appointed. Where a voluntary winding-up of a company has begun, a compulsory liquidation order is still possible, but the petitioning contributory would need to satisfy the court that a voluntary liquidation would prejudice the contributories. In addition, the term liquidation is sometimes used when a company wishes to divest itself of some of its assets. This is used, for instance, when a retail establishment wishes to close stores. They will sell to a company that specializes in store liquidation instead of attempting to run a store closure sale themselves. Wiki liquidation

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A judge is an official who presides over a court. The powers, functions, method of appointment, discipline, and training of judges vary widely across different jurisdictions. In common law countries, such as the United States, and those with roots in the Commonwealth of Nations, judges have a number of powers which are not known to exist, or are not acknowledged to exist, in civil law legal systems, which collectively make the judiciary a more powerful political force than in civil law countries. One of these powers is the "contempt of court" power. In a common law system, a judge typically has the power to summarily punish with a fine or imprisonment any misconduct which takes place in the courtroom, and to similarly punish violations of the court's orders, after a hearing, when they take place outside the courtroom. Legal System Legal System lawsuit Mant lawsuit Crime New Crime Rules of procedure Rules of procedure Supreme Court Supreme Court Judge The Judge Law The Law Index The Law United States Attorney General United States Attorney General 		More liquidators



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Domestic courts are also often called upon to apply foreign law, or to act upon foreign defendants, over whom they may not, as a practical matter, even have the ability to enforce a judgment if the defendant's assets are outside their reach. In most common law jurisdictions, the Attorney General or Attorney-General is the main legal advisor to the government and in some jurisdictions may in addition have executive responsibility for law enforcement or responsibility for public prosecutions. car rental Law This is particularly true in federal systems, where a federal court may be applying state law (e. The term Attorney General is used to designate the chief law enforcement officer of a state or other political jurisdiction. s Law Though the majority of lawsuits are settled and never even get to trial citation needed], they can expand into a very complicated process. The Attorney General is a lawyer who represents the government, prosecutes criminal cases, defends the government from lawsuits against it, and brings civil lawsuits to enforce consumer protection, antitrust, and other laws. t Law Failure to comply with the procedural rules can result in serious limitations in conducting the trial or even dismissal of the lawsuit. In the Federal Government of the United States, the Attorney General is a member of the Cabinet and as head of the Department of Justice are the top law enforcement officer and lawyer for the government. u Law The rules are very important for litigants to know, however, because they dictate the timing and progression of the lawsuit — what may be filed and when to get what result. The attorney general may need to be distinguished from the Solicitor General, a high Justice Department official with the responsibility of representing the government in the Supreme Court.