{"id":2500,"date":"2023-02-01T13:27:16","date_gmt":"2023-02-01T11:27:16","guid":{"rendered":"https:\/\/insolvency.dgmedialink.com\/ekkatharisi-eterion\/"},"modified":"2026-02-13T13:56:10","modified_gmt":"2026-02-13T11:56:10","slug":"ekkatharisi-eterion","status":"publish","type":"page","link":"https:\/\/www.insolvency.gov.cy\/en\/ekkatharisi-eterion\/","title":{"rendered":"Companies Liquidation with a Court Order"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"2500\" class=\"elementor elementor-2500 elementor-892\" data-elementor-post-type=\"page\">\n\t\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-22c7dc79 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"22c7dc79\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-781d4415\" data-id=\"781d4415\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-71329104 elementor-widget elementor-widget-heading\" data-id=\"71329104\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.18.0 - 04-12-2023 *\/\n.elementor-heading-title{padding:0;margin:0;line-height:1}.elementor-widget-heading .elementor-heading-title[class*=elementor-size-]>a{color:inherit;font-size:inherit;line-height:inherit}.elementor-widget-heading .elementor-heading-title.elementor-size-small{font-size:15px}.elementor-widget-heading .elementor-heading-title.elementor-size-medium{font-size:19px}.elementor-widget-heading .elementor-heading-title.elementor-size-large{font-size:29px}.elementor-widget-heading .elementor-heading-title.elementor-size-xl{font-size:39px}.elementor-widget-heading .elementor-heading-title.elementor-size-xxl{font-size:59px}<\/style><h1 class=\"elementor-heading-title elementor-size-default\">Companies Liquidation with a Court Order<\/h1>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-165b0c2b elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"165b0c2b\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-2492fe9c\" data-id=\"2492fe9c\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-e1525a3 elementor-widget elementor-widget-heading\" data-id=\"e1525a3\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\"><a href=\"\/en\/legislation\/\u03b5\u03c4\u03b1\u03b9\u03c1\u03b5\u03af\u03b5\u03c2-\u03c5\u03c0\u03cc-\u03b5\u03ba\u03ba\u03b1\u03b8\u03ac\u03c1\u03b9\u03c3\u03b7\/\">Legislation<\/a><\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-285c172b elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"285c172b\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-c616bc3\" data-id=\"c616bc3\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-2d7917fb elementor-widget elementor-widget-heading\" data-id=\"2d7917fb\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Information related to Liquidations with a Court Order <\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2e1a532 elementor-widget elementor-widget-heading\" data-id=\"2e1a532\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">Research in the bankruptcies and liquidations register<\/h4>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-946ca08 elementor-widget elementor-widget-text-editor\" data-id=\"946ca08\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.18.0 - 04-12-2023 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#69727d;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<p>There is a<a href=\"https:\/\/www.insolvency.gov.cy\/en\/mitroa\/cmp\/\"> register of bankruptcies and liquidations<\/a> uploaded on the website of the Insolvency Department, which can be searched by registration number or name of legal entity and contains information related to the liquidation, such as the date of the winding-up order, name of liquidator, date of publication, etc.<\/p>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-196cfb2 elementor-widget elementor-widget-heading\" data-id=\"196cfb2\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">When a winding-up order is issued<\/h4>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ccf38e9 elementor-widget elementor-widget-text-editor\" data-id=\"ccf38e9\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>A winding-up order against a company is issued following an application to the Court, which may be submitted by the company, a creditor or contributor of the company, a receiver of another member state, the official receiver or by the examiner. The main cases where a company can be wound up by court order are when the company is unable to pay its debts or when the company has decided by special resolution to be wound up by the court. In the case of insolvency, the amount owed to a creditor must exceed \u20ac5000.<\/p>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b02aba8 elementor-widget elementor-widget-spacer\" data-id=\"b02aba8\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.18.0 - 04-12-2023 *\/\n.elementor-column .elementor-spacer-inner{height:var(--spacer-size)}.e-con{--container-widget-width:100%}.e-con-inner>.elementor-widget-spacer,.e-con>.elementor-widget-spacer{width:var(--container-widget-width,var(--spacer-size));--align-self:var(--container-widget-align-self,initial);--flex-shrink:0}.e-con-inner>.elementor-widget-spacer>.elementor-widget-container,.e-con>.elementor-widget-spacer>.elementor-widget-container{height:100%;width:100%}.e-con-inner>.elementor-widget-spacer>.elementor-widget-container>.elementor-spacer,.e-con>.elementor-widget-spacer>.elementor-widget-container>.elementor-spacer{height:100%}.e-con-inner>.elementor-widget-spacer>.elementor-widget-container>.elementor-spacer>.elementor-spacer-inner,.e-con>.elementor-widget-spacer>.elementor-widget-container>.elementor-spacer>.elementor-spacer-inner{height:var(--container-widget-height,var(--spacer-size))}.e-con-inner>.elementor-widget-spacer.elementor-widget-empty,.e-con>.elementor-widget-spacer.elementor-widget-empty{position:relative;min-height:22px;min-width:22px}.e-con-inner>.elementor-widget-spacer.elementor-widget-empty .elementor-widget-empty-icon,.e-con>.elementor-widget-spacer.elementor-widget-empty .elementor-widget-empty-icon{position:absolute;top:0;bottom:0;left:0;right:0;margin:auto;padding:0;width:22px;height:22px}<\/style>\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f24bb4b elementor-widget elementor-widget-heading\" data-id=\"f24bb4b\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">Consequences of a winding-up order<\/h4>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7166563 elementor-widget elementor-widget-text-editor\" data-id=\"7166563\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>The Official Receiver registers the winding-up order in the liquidations register and publishes it in the official newspaper and on the website of the Department. With the issuance of the winding-up order, the Official Receiver becomes the liquidator of the company&#8217;s property. The company ceases to operate and the powers of the directors are immediately suspended. The only person who can act for the company is the liquidator, in order to liquidate the company\u2019s property and pay its debts.<\/p>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6c19ff1 elementor-widget elementor-widget-spacer\" data-id=\"6c19ff1\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-66bc936 elementor-widget elementor-widget-heading\" data-id=\"66bc936\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">Obligations of the company\u2019s officers<\/h4>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f7cc1ac elementor-widget elementor-widget-text-editor\" data-id=\"f7cc1ac\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>The officers of the company must submit to the liquidator the last audited accounts of the company, the <a href=\"\/wp-content\/uploads\/\u03a0\u03c1\u03bf\u03ba\u03b1\u03c4\u03b1\u03c1\u03ba\u03c4\u03b9\u03ba\u03b7-\u0395\u03be\u03b5\u03c4\u03b1\u03c3\u03b7-\u0395\u03c4\u03b1\u03b9\u03c1\u03b5\u03af\u03b1\u03c2-1.docx\" target=\"_blank\" rel=\"noopener\">preliminary report<\/a> and the<a href=\"\/wp-content\/uploads\/\u0388\u03ba\u03b8\u03b5\u03c3\u03b7-\u039a\u03b1\u03c4\u03b1\u03c3\u03c4\u03ac\u03c3\u03b5\u03c9\u03c2-\u03a0\u03b5\u03c1\u03b9\u03bf\u03c5\u03c3\u03af\u03b1\u03c2-\u0395\u03c4\u03b1\u03b9\u03c1\u03b5\u03af\u03b1\u03c2-1.xlsx\" target=\"_blank\" rel=\"noopener\"> statement of affairs of the company<\/a>, which is verified by an affidavit, and which contains the details of the liabilities and assets of the company on the date of issuance of the winding-up order.<\/p>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0e0c025 elementor-widget elementor-widget-spacer\" data-id=\"0e0c025\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c8e6fd0 elementor-widget elementor-widget-heading\" data-id=\"c8e6fd0\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">Lawsuits against companies under liquidation<\/h4>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5267411 elementor-widget elementor-widget-text-editor\" data-id=\"5267411\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Where a winding-up order has been issued, or a provisional liquidator is appointed, no lawsuit or legal proceedings shall be continued or commenced against the company except with the Court\u2019s permission and on such terms as the Court may set.<\/p>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-cb25db5 elementor-widget elementor-widget-spacer\" data-id=\"cb25db5\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e8f72fc elementor-widget elementor-widget-heading\" data-id=\"e8f72fc\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">Encumbrance on the company\u2019s property<\/h4>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a07a5bc elementor-widget elementor-widget-text-editor\" data-id=\"a07a5bc\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>After the issuance of the winding-up order, nobody will be entitled to register any encumbrances on the company\u2019s property.<\/p>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-744f71b elementor-widget elementor-widget-spacer\" data-id=\"744f71b\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9462e8d elementor-widget elementor-widget-heading\" data-id=\"9462e8d\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">Proof of Debt<\/h4>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4e1973a elementor-widget elementor-widget-text-editor\" data-id=\"4e1973a\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Any creditor who wants to recover a debt occurred before the winding-up order date, must submit to the liquidator a proof of debt form, within 35 days from the publication date of the winding-up order in the official gazette with the right to apply for time extension.<\/p>\n<p>The proof of debt form is filled in with the amount of debt as at the date of the winding-up order. Along must me attached any evidence of the debt and if there are guarantors, the form with their data (LINK).<\/p>\n<p>In case the debt is due to a foreign currency, must be converted to euro according to the official exchange rate on the date of the winding-up order.<\/p>\n<p>In case the creditor does not submit the above forms within the specified deadline, he cannot take any legal or other measures against the guarantors.<\/p>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-821c41d elementor-widget elementor-widget-spacer\" data-id=\"821c41d\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1a65b14 elementor-widget elementor-widget-heading\" data-id=\"1a65b14\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">Examination of the proof of debt form<\/h4>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-49862e0 elementor-widget elementor-widget-text-editor\" data-id=\"49862e0\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>The trustee examines every proof of debt and within 21 days accepts or rejects it in writing. If the proof of debt form is rejected, the creditor is informed about the reasons of the rejection. The guarantor is informed by the creditor regarding the acceptance or rejection of the proof of debt form. The creditor as well as the guarantor in case they are not satisfied with the decision, can appeal to the Court within 21 days, from the day they became aware of the decision. In case anyone appeals to the court, the court can validate, annul or vary the decision of the trustee.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a7f2488 elementor-widget elementor-widget-spacer\" data-id=\"a7f2488\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c4f4a0b elementor-widget elementor-widget-heading\" data-id=\"c4f4a0b\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">Valuation of property subject to encumbrances <\/h4>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b06a877 elementor-widget elementor-widget-text-editor\" data-id=\"b06a877\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>The secured creditor, within 10 days from the publication of the winding-up order in the official gazette, must submit to the liquidator and to guarantors if any, a valuation of the property on which there is a security, along with the form <a href=\"\/wp-content\/uploads\/\u0394\u0397\u039b\u03a9\u03a3\u0397-\u0395\u039e\u0391\u03a3\u03a6\u0391\u039b\u0399\u03a3\u039c\u0395\u039d\u039f\u03a5-\u03a0\u0399\u03a3\u03a4\u03a9\u03a4\u0397-\u0393\u0399\u0391-\u0395\u03a4\u0391\u0399\u03a1\u0395\u0399\u0395\u03a3-\u0394\u0395\u03a0\u0395-2.docx\" target=\"_blank\" rel=\"noopener\">\u0394\u0395\u03a0\u0395<\/a>.<\/p>\n<p>Within 10 days from the submission of the valuation, the liquidator and the guarantor where applicable: a) either agree among themselves and with the creditor as to the market value of the property, and in such a case the valuation is binding for all parts,<\/p>\n<ol>\n<li>b) either appoint an independent valuator or<\/li>\n<li>c) ask the Insolvency Department to appoint an independent valuator.<\/li>\n<\/ol>\n<p>The appointed independent valuator determines, within ten days from his appointment, the value of the property subject to security, and the valuation is binding for all parts.<\/p>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-97b027f elementor-widget elementor-widget-spacer\" data-id=\"97b027f\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-93592e2 elementor-widget elementor-widget-heading\" data-id=\"93592e2\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">Payment of dividend to creditors<\/h4>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7f0ae90 elementor-widget elementor-widget-text-editor\" data-id=\"7f0ae90\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>The company\u2019s property is distributed to the creditors after the deduction of actual costs, the fees of the Insolvency Department and the expenses made by the applicant creditor. Privileged debts are paid firstly, and if there is sufficient amount follow any floating charges, and then the payment of unsecured debts in the same proportion.<\/p>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5e05d140 elementor-widget elementor-widget-spacer\" data-id=\"5e05d140\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-28bff256 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"28bff256\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-50ff9baf\" data-id=\"50ff9baf\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-7ce3baa4 elementor-widget elementor-widget-heading\" data-id=\"7ce3baa4\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Applications and forms related to liquidations <\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2ca410e5 without-form-filters elementor-widget elementor-widget-shortcode\" data-id=\"2ca410e5\" data-element_type=\"widget\" data-widget_type=\"shortcode.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\n    <div class=\"govcy-container govcy-p-0\">\n       \n        <div class=\"posts-filters\">\n\n            <div class=\"filters-container row govcy-bg-light govcy-pt-3 govcy-mb-3\">\n                <form action=\"https:\/\/www.insolvency.gov.cy\/wp\/wp-admin\/admin-ajax.php\" method=\"POST\" id=\"filter-records\" class=\"govcy-form govcy-p-0 form-with-filters\">\n                    <div class=\"row\">\n                        <div class=\"govcy-form-control govcy-col-6\">\n                            <label class=\"govcy-label\" for=\"categoryfilter\">Category<\/label>\n                            <select name=\"categoryfilter\" class=\"govcy-select\"><option value=\"all\">--<\/option><option value=\"99\">Application for Issuance of Non Bankruptcy and Non Winding-Up Certificate<\/option><option value=\"106\">Applications and forms for bankruptcies<\/option><option value=\"105\">Applications and forms for companies under liquidation<\/option><option value=\"104\">Applications and forms for voluntary liquidations<\/option><option value=\"103\">Forms regarding the appointment of receiver\/manager<\/option><\/select>                        <\/div>\n                        <div class=\"govcy-form-control govcy-col-6\">\n                            <label class=\"govcy-label\" for=\"keyword\">Title\/Content<\/label>\n                            <input id=\"keyword\" name=\"keyword\" class=\"govcy-text-input\" type=\"text\">\n                        <\/div>\n                    <\/div>\n                    \n                    <div class=\"row\">\n                        <div class=\"govcy-form-control govcy-col-12\">\n                            <button class=\"govcy-btn-primary govcy-mb-0\">SEARCH<\/button>\n                            <input type=\"hidden\" name=\"action\" value=\"myfilter2\">\n                        <\/div>\n                    <\/div>\n                <\/form>\n            <\/div>\n        \n        \n            <div id=\"response\">\n                <table id=\"records-table\" class=\"govcy-table\"><thead><tr class=\"govcy-br-input\"><th>Application\/Form<\/th><th>Category<\/th><th>Price<\/th><th>Electronic Submission<\/th><th><\/th><\/tr><\/thead><tbody><tr><td><p>General Proxy Form 14<\/p><\/td><td>Applications and forms for companies under liquidation<\/td><td>\u20ac0,00<\/td><td>-<\/td><td><a href=\"https:\/\/www.insolvency.gov.cy\/en\/records\/%ce%b3%ce%b5%ce%bd%ce%b9%ce%ba%cf%8c-%cf%80%ce%bb%ce%b7%cf%81%ce%b5%ce%be%ce%bf%cf%8d%cf%83%ce%b9%ce%bf-%cf%84%cf%8d%cf%80%ce%bf%cf%82-14\/\">More<\/td><\/tr><tr><td><p>Proof of debt form for liquidations<\/p><\/td><td>Applications and forms for companies under liquidation<\/td><td>\u20ac0,00<\/td><td>-<\/td><td><a href=\"https:\/\/www.insolvency.gov.cy\/en\/records\/%ce%b5%cf%80%ce%b1%ce%bb%ce%ae%ce%b8%ce%b5%cf%85%cf%83%ce%b7-%cf%87%cf%81%ce%ad%ce%bf%cf%85%cf%82-%ce%b3%ce%b9%ce%b1-%ce%b5%ce%ba%ce%ba%ce%b1%ce%b8%ce%b1%cf%81%ce%af%cf%83%ce%b5%ce%b9%cf%82\/\">More<\/td><\/tr><tr><td><p>Special Proxy Form 15<\/p><\/td><td>Applications and forms for companies under liquidation<\/td><td>\u20ac0,00<\/td><td>-<\/td><td><a href=\"https:\/\/www.insolvency.gov.cy\/en\/records\/%ce%b5%ce%b9%ce%b4%ce%b9%ce%ba%cf%8c-%cf%80%ce%bb%ce%b7%cf%81%ce%b5%ce%be%ce%bf%cf%8d%cf%83%ce%b9%ce%bf-%cf%84%cf%8d%cf%80%ce%bf%cf%82-15\/\">More<\/td><\/tr><tr><td><p>Statement of affairs for companies<\/p><\/td><td>Applications and forms for companies under liquidation<\/td><td>\u20ac0,00<\/td><td>-<\/td><td><a href=\"https:\/\/www.insolvency.gov.cy\/en\/records\/%ce%ad%ce%ba%ce%b8%ce%b5%cf%83%ce%b7-%ce%ba%ce%b1%cf%84%ce%b1%cf%83%cf%84%ce%ac%cf%83%ce%b5%cf%89%cf%82-%cf%80%ce%b5%cf%81%ce%b9%ce%bf%cf%85%cf%83%ce%af%ce%b1%cf%82-%cf%84%ce%b7%cf%82-%ce%b5%cf%84\/\">More<\/td><\/tr><\/body><\/table><div class=\"pagination\"><\/div>            <\/div>\n        <\/div>\n    <\/div>\n    \t\t<div class=\"elementor-shortcode\"><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-645b32eb elementor-widget elementor-widget-spacer\" data-id=\"645b32eb\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-427e1e73 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"427e1e73\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-755e6d25\" data-id=\"755e6d25\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-1078099b elementor-widget elementor-widget-heading\" data-id=\"1078099b\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Guidebooks and manuals <\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-72095a87 elementor-widget elementor-widget-text-editor\" data-id=\"72095a87\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><a href=\"\/wp-content\/uploads\/\u039f\u03b4\u03b7\u03b3\u03cc\u03c2-\u03a0\u03c4\u03c9\u03c7\u03b5\u03cd\u03c3\u03b5\u03c9\u03bd-\u03ba\u03b1\u03b9-\u0395\u03ba\u03ba\u03b1\u03b8\u03b1\u03c1\u03af\u03c3\u03b5\u03c9\u03bd-\u0395\u03c4\u03b1\u03b9\u03c1\u03b5\u03b9\u03ce\u03bd.pdf\" target=\"_blank\" rel=\"noopener\">\u039f\u03b4\u03b7\u03b3\u03cc\u03c2 \u03a0\u03c4\u03c9\u03c7\u03b5\u03cd\u03c3\u03b5\u03c9\u03bd \u03ba\u03b1\u03b9 \u0395\u03ba\u03ba\u03b1\u03b8\u03b1\u03c1\u03af\u03c3\u03b5\u03c9\u03bd \u0395\u03c4\u03b1\u03b9\u03c1\u03b5\u03b9\u03ce\u03bd<\/a><\/p>\n<p><a href=\"\/wp-content\/uploads\/PAYMENT-OF-DIVIDEND-MANUAL-2023.docx\" target=\"_blank\" rel=\"noopener\">Manual for payment of dividend to creditors<\/a><\/p>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-599b7b79 elementor-widget elementor-widget-spacer\" data-id=\"599b7b79\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Companies Liquidation with a Court Order Legislation Information related to Liquidations with a Court Order Research in the bankruptcies and liquidations register There is a register of bankruptcies and liquidations uploaded on the website of the Insolvency Department, which can be searched by registration number or name of legal entity and contains information related to [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.insolvency.gov.cy\/en\/wp-json\/wp\/v2\/pages\/2500"}],"collection":[{"href":"https:\/\/www.insolvency.gov.cy\/en\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.insolvency.gov.cy\/en\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.insolvency.gov.cy\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.insolvency.gov.cy\/en\/wp-json\/wp\/v2\/comments?post=2500"}],"version-history":[{"count":17,"href":"https:\/\/www.insolvency.gov.cy\/en\/wp-json\/wp\/v2\/pages\/2500\/revisions"}],"predecessor-version":[{"id":9780,"href":"https:\/\/www.insolvency.gov.cy\/en\/wp-json\/wp\/v2\/pages\/2500\/revisions\/9780"}],"wp:attachment":[{"href":"https:\/\/www.insolvency.gov.cy\/en\/wp-json\/wp\/v2\/media?parent=2500"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}