Documentos de Académico
Documentos de Profesional
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Partnership
Liquidation
Partnership Liquidation: Objectives
1: LEGAL ASPECTS OF
LIQUIDATION
2: SIMPLE LIQUIDATION
3: SAFE PAYMENTS
4: INSTALLMENT
LIQUIDATIONS
5: CASH DISTRIBUTION
PLANS
6: INSOLVENCY
Creditor options
1. Accept only partial payment
2. Look to partners for personal resources
May go to most solvent partners
UPA requires partners to
Pay own share of unsatisfied liabilities
Pay proportionate share for partners who can't or don't