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  1. #1
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    Liquidation

    We've got an argument at office about a CC thats running a lost for a while and owns money to suppliers and to SARS

    The owners think they can liquidate this cc and then they don't have to pay there debt, especially for SARS

    I disagree, when an owner signed surety they will be liable for the outstanding debt and SARS wound write off money that was not suppose to be used in the first place.

    Is my argument correct? Otherwise anyone can open a company spend all SARS money and liquidate your company (this make no sense)

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    BBBEE_CompSpec (20-Nov-09)

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