.
Scenario:
CC is insolvent & cannot/will not pay its creditors. CIPC has been requested by a member to de-register the CC.

Does FICA need to be informed? If so, how? If not, does some sort of Credit Authority need to be - or should be - informed of the insolvency?

Point of comparison
When looking to liquidate the CC at an earlier time, when it still had a few assets, the attorney requested that the members fill in a FICA form. He did not make clear what would have been done with this form.