A liquidator’s job is to uncover and follow up on potential sources of income on behalf of the estate in liquidation. In the period preceding bankruptcy, the management of a company will often be subject to pressures and temptations that may lead to inadvisable and costly dispositions. This could provide the estate in liquidation with grounds for claims related to the annulment of transactions, compensation and recovery.
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The Norwegian bankruptcy proceedings in a nutshell
Most people and businesses are from time to time affected by a bankruptcy. They may be employed by a company going …