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The shareholders then ask a licensed insolvency practitioner to call a creditors meeting as soon as possible (not less than 14 days notice is required, but its usually 21 or so days).
In addition, the term "liquidation" is sometimes used when a company wants to divest itself of some of its assets.
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Ace Liquidating Co is located at the address 2007 Clement Ave in Alameda, California 94501.
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