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-publicised
examples such as ABC Learning, HIH Insurance amd One.Tel phone company
Use the companies above and find (via electronic journals) the events that led up to the liquidation.
Discuss the ethics and governance in explaining the company’s financial stress . Was liabilities a major
factor contributinng to the liquidation of the company?
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