Felszámolásáról

Felszámolásáról is a Hungarian term that translates to "liquidation" or "winding up" in English. It refers to the legal process of terminating a company or other legal entity. This process involves selling off all assets of the entity to pay off its debts and liabilities. Once all debts are settled, any remaining assets are distributed to the owners or shareholders.

The liquidation process can be voluntary, initiated by the entity's owners or shareholders, or involuntary, initiated by creditors or a court order. In Hungary, this process is governed by specific company law regulations. The primary goal of felszámolásáról is to provide a structured and orderly way to close down a business, ensuring that creditors are paid as much as possible and that the legal existence of the entity ceases.

During felszámolásáról, a liquidator is appointed to oversee the process. This individual is responsible for managing the sale of assets, settling claims, and distributing any remaining funds. The liquidator must act in the best interests of the creditors and comply with all legal requirements. The completion of the liquidation process results in the de-registration of the company from the company registry, effectively ending its legal existence. This process is distinct from bankruptcy, although a company may enter liquidation as a result of insolvency.