What are liquidators

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Liquidation must understand the operations necessary to complete the unfinished business by the company, to collect what should be the same and to pay what they owe.

In the financial statements in the name adds the words “in liquidation”.

The settlement will be in charge of one or more liquidators, who shall be legal representatives of society and be responsible for any acts done by overstepping the limits of their duties.

Made the appointment of liquidators, administrators will hand over all assets, books and documents of the company, rising in any case an inventory of assets and social liabilities.

Liquidator is called the charge of carrying out the liquidation. Is attributed to the liquidator as the body which assigns the office to perform all prudential interests of the partners and third parties and should lead to the extinction of the entity.