Drum-Buffer-Rope is an intuitive solution to a seemingly complex problem. DBR is seen in many areas including Agile Development, Manufacturing, and Medicine (Emergency Room Visits). Itâs an effective business tool to manage the constraints that every business faces.
There are also a series of meetings and communication that the liquidator is bound to action and they will need to keep creditors informed as to the progress of the liquidation. Liquidation also means that the conduct of the former directors will be examined.
Creditorsâ voluntary liquidation. A creditorsâ voluntary liquidation will be the route to take if you choose to liquidate your company because it canât pay its debts. As a company director you, along with any other shareholders, can voluntarily liquidate the company by passing a special resolution to stop trading.