Deregistration
The removal of a company from the register, after which it ceases to exist as a legal entity and generally cannot be sued.
End of the company
Deregistration is the step that formally removes a company from the official register so that it no longer exists as a legal entity. It commonly happens at the end of a liquidation, but a company can also be deregistered in other ways, for example where it is no longer carrying on business. Once deregistered, the company can generally no longer be pursued in its own name.
What it means for creditors
Because a deregistered company has ceased to exist, recovering a debt from it directly is usually not possible, although in limited circumstances steps may exist to revive a company. Acting before deregistration is preferable. This is general information only and not legal advice. If a debtor may be heading toward deregistration, you can refer a debt promptly.
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