 Liquidator must be an authorised, qualified insolvency practitioner (by virtue of membership of a recognised professional body  Once decision to liquidate taken, company goes under control of liquidator who is responsible for realising the assets and distributing proceeds  Liquidator has statutory duty to report to Secretary of State where he feels that any director of insolvency company is unfit to be involved in management of a company  Remuneration of liquidator payable out of company's assets in priority to all other claims Lecturer: Rowin Gurusami
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