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They also must appoint the liquidator who is the person who will help to apply the rules from the Civil Code during the entire liquidation process.

A liquidation committee will take all the Board Members’ responsibilities and represent the company in court.

Since then, John have been receiving consignment request from local residents in the Sacramento County and Alameda County area by word of mouth or during his attendance to the Alameda Antiques by The Bay (The largest Antique Show in the West Coast) and the Sacramento Antique Fair.

In 2015, John Stephen Ross, LLC was established to legitimize and accommodate the whole consignment and liquidation process for our clients and buyers.

We offer a wide variety of services in addition to estate liquidations: bankruptcy sales, moving sales, auctions, as well as antique and jewelry sales.

A company may also be liquidated if the duration period, stipulated in the formation documents, has expired.

The liquidation must be announced in the specific gazettes and all the creditors must be notified in written regarding the process, so claims can be submitted.

An intermediary liquidation balance must be issued after the term posted in the announcement for issuing claims has expired.

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).

At this meeting the creditors vote to appoint a liquidator. So, this is why it’s called Creditors Voluntary Liquidation.

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