In recent years a number of companies have gone into liquidation (been ‘wound up’) because they have not been able to meet their liabilities when they fell due. In Australia, there are some well-publicized examples such as ABC Learning, HIH Insurance and One.Tel phone company
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In the current assignment, we have discussed about the three companies ABC learning, HIH and One.Tel. Further, we have analysed the events that has led to the companies liquidation. Apart form this, we have discussed about the role of governance, ethics and liabilities in the process of liquidation. Further, we have explained how liabilities contribute towards liquation of companies..........