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What Happens When a Company Needs to Liquidate?

Umar Nisar

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What Happens When a Company Needs to Liquidate?

A voluntary liquidation is an orderly end-of-year wind-down and liquidation of a business which has already been authorized by its creditors. Such a measure will normally take place when the leadership of a business decides that the business has no longer any business reason to continue running. It is an ordinary business bankruptcy. Such wind-down procedures can be carried out for various reasons:

In order to understand why voluntary liquidation will take place, it is essential to have an understanding of the process involved in voluntary liquidations. Basically, the company administration will carry out a review of the company and make recommendations to the shareholders as to the best way forward for the business. In most cases, such resolutions will not be successful because the administration will be unable to come to an agreement as to what should be done with the company. The option of voluntary liquidation has been introduced to ensure that companies can be brought into line with their creditors.

In order to know the purpose of a voluntary liquidation resolution, it is essential to first of all have an idea of what liquidations are and what the procedure is. Voluntary liquidations are a result of the inability of a business to pay off its debts to its creditors. This inability may be voluntary or could be due to events beyond the control of the business itself such as insolvency. For instance, it could result from taking loans from people whom you do not really know if they can pay them back or from selling assets that you cannot sell on, like office furniture or office equipment which are beyond repair.

The voluntary liquidation process will generally start by a winding up petition being made against the business. This is where a group of directors will meet and decide that it is in the best interests of the business to wind itself up. When the creditors get a chance to hear what is going on, they will be able to make offers to the creditors. The offers could vary from one creditor to another, but the main consideration is that the offers should be acceptable to the directors. If possible, it is always better for the creditors to receive some payment from the business’ directors than for the business itself to shut down.

Once the winding up petition has been granted, it will be time to make an appointment with the creditors. The aim of the meeting is to determine whether any voluntary liquidations may be possible. Once the creditors have had an opportunity to meet and speak with the company’s directors, it is then possible to discuss what options are available. The creditors might be prepared to accept some percentage of the debt, based on the seriousness of the debt. They will also want to be paid the full amount without having to go through the entire process of winding up.

The number of voluntary liquidations may happen at different times during the company’s history. Sometimes the company needs to make a big acquisition, or it is involved in litigation. In cases such as these, the voluntary liquidations may happen sooner rather than later.

At this point, the company can choose to settle its debts in full or elect to liquidate the assets and pay off a portion of its debts. Some directors may prefer to go the quiet way and leave the business. However, other more aggressive directors may wish to bring the entire enterprise into the family. It can be much harder to deal with aggressive directors in the past when no one knew how the business worked, and the directors did not engage in the usual conduct for starting a new business in an already existing business.

For a business to be successful, it must operate profitably. If the business does not make enough money, there could be serious problems. In addition to needing to pay debts, the business may need to raise capital to pay wages and buy equipment. When operating a business without enough cash flow, it becomes necessary to engage in the involuntary process of liquidation. There are many aspects to consider when thinking about whether voluntary liquidation may be an option for your business.

BUSINESS

Mowers for Medium-Sized Lawns!

Umar Nisar

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Mowers for Medium-Sized Lawns

It is usually a hard decision to make whether to go for a walk-behind or a ride-on mower.

You have also heard that before choosing any lawnmower, you need to consider the following things:

· Choose the right sized machine

· Get the best price

· Find which models are reliable

· Get the lawn finish you require

· Spare parts availability

· What size engine is needed

· Match machine to the size of lawn

· Access the latest deals

If you have a small or a large lawn, then the decision is obvious and straightforward. The difficulty comes when you have a medium-sized yard. Do you want to walk all that distance behind a mower, or can you justify a ride-on?

But first consider when a lawn is considered as small, medium and large. A large lawn is 2.5 acres or more, medium lawn is 1-2.5 acres and small lawn is up to 1 acre.

It is unquestionably true that some people have ride-on mowers when it simply isn’t necessary, which is just a waste of money. These are expensive machines, with only a few models below the $1,500 price tag. You should have to manage your budget.

If you decide to buy a ride-on, consider the lawn’s shape, as it is much easier if the edges are either straight or only gently curved and if there are no awkward corners. Some people even go around the edges first with a walk-behind.

There are different sizes of ride-on mowers available, and some are very maneuverable, even in tight corners. Also, the grass collecting method of the machine has a bearing on its maneuverability and suitability.

The least obtrusive system to maneuverability is the mulching deck, as there is no grass collector needed, and hence the mower is probably shorter and more compact.

“Mulching deck mowers are very easy to negotiate around a medium-sized lawn, as there is no grass collection box.”

At the opposite end of the scale are tow-behind collectors (albeit these are not very common) and the brush collectors.

The brush collectors hang on the back of the mower and increase its length, but also because there is brush causing friction and acting as a third contra-rotating wheel at the rear of the machine, it can affect the machine’s ability to turn sharply.

The other type of collector is the chute method, where the grass is ‘blown’ by the cutting blade up a chute and into the grass collection box. There is no brush contacting with the turf, and so the turning radius is not adversely affected. However, these collectors do have more of a tendency to block under damp conditions in comparison to the brush collectors. The short chute versions that usually route the grass a short distance through the machine’s center (under the driver’s seat) are generally better at coping with damp grass than the side chute models. The side chutes are long and more prone to blockage.

It certainly is possible to use a ride-on mower in a medium-sized garden if you choose a suitably sized machine and the shape of your lawn is appropriate.

One type of mower which is very maneuverable is the articulated (bend in the middle) steering machines. In fact, these often have front-mounted cutting decks, and so it is easy to get right into the corners and negotiate curves without cutting corners with the rear wheels as the rear wheels chase the path of the front ones.

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BUSINESS

How to Buy a New Home in 2021

Umar Nisar

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How to Buy a New Home in 2021

If you are one of the many people who have purchased a piece of real estate recently then you know just how hard it can be when trying to find the next home. Today, it is easier than ever before to own real estate without going through the traditional red tape. Thanks to the Internet, you can easily look up information about properties without ever leaving your office or home.

Thanks to the Internet, there are so many websites such as Athesma that will show you pictures and information about properties right from the comfort of your home. If you want to know how to buy a new home in 2021, then there are many websites on the Internet that are dedicated to showing you the different properties that are for sale. They will show you everything from the houses that are for sale to the prices. In order to get a good idea of what you want to buy, the first thing you need to do is to look up real estate by city and state.

You want to narrow your search down to something like real estate by city and state. This will help you feel a little bit more comfortable with what you are looking at. You will be able to see a smaller version of the properties that are on display to you. By narrowing it down this way you will be able to see the houses that catch your eye the most. You can even see what neighborhoods they are in.

When looking up a property by city and state, you want to make sure that you are not overlooking any properties. It can be very hard to notice some of the homes when you are looking through so many properties. You also want to make sure that you are not overlooking properties because you do not want to miss out on the perfect house that is right for you. There are many websites that will help you to compare the properties that are for sale in your town. Once you have compared all of the properties, then you will know what you have been looking at and what you want to purchase.

A great tip for you to follow when you are learning how to buy a new home inenders is to go over the listing thoroughly. Look over everything from the description that is written on the property to the number of bedrooms and bathrooms that are listed. You need to look for the things that you like in a home. If there are things that you do not like about the property then you can eliminate it from your list. When you have looked through all of the listed properties, then you will be able to choose which property you are going to buy. You can call the agent that is listed or you can look at the property online to make the decision easier.

The Internet can be your friend when you are learning how to buy a new home in 2021. There are many websites that you can look at to get more information about certain areas or the city that you are living in. Take the time to see what the people who own the property have to say about the home. You may not find anything that surprises you but you may find something that can help you decide if a home is right for you.

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BUSINESS

Learn the art of applying emotional intelligence and motivate your team members – Meet the Dynamic Business coach Zohaib Malik

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Zohaib Malik

Zohaib Malik has over 15 years’ experience working with renowned brands in Dubai . He has been managing teams comprising of people from over 20 different nationalities and managing over 500,000 customers for different businesses.

Zohaib specializes in helping employees remain motivated , diplomatic & energetic at work . He uses techniques and steps that increase engagement at work and helps employees vision a clear career path eventually resulting in growth & promotions .

Zohaib also helps people deal with difficult and complicated bosses/managers with the end goal being able to cultivate healthy relationships at work . He frequently conducts on-demand 1-1 sessions where he coaches young managers to become emotionally more intelligent using Empathy and humility to gain optimum results from their teams . 

Zohaib believes in sticking to basics by bringing the ‘human touch’ in coaching & motivation and not complicating things for his listeners . He highly recommends 1-1 sessions and helps team-leads/managers structure them in a systematic way to gain maximum profitability during negotiations & performance management of team members .

Zohaib’s enjoying a tremendous growth in his social media presence over the last 8-9 months with over 65,000 views of his YouTube Channel and almost 5,000 followers on LinkedIn .

You can subscribe to his YouTube Channel on https://www.youtube.com/channel/UCXfNxpZx5lVcLht4HUl1kXg or connect with him on LinkedIn at https://www.linkedin.com/in/zohaib-malik-17871b61/ .

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