If a business, company or organisation goes bankrupt or shuts down, it must go through the process of liquidation. Through this process, the assets of the company are sold to pay creditors, with any surplus going to shareholders.

Litigant in Person

A Litigant in Person is a person who starts or defends a case without legal representation. Such a person is entitled to be accompanied by another person who may advise them, but may not address the court.