A type of short- or intermediate-term credit that is repaid with money generated by the assets it is used to purchase.
The repayment schedule and maturity of a self-liquidating loan are designed to coincide with the timing of the assets' income generation.
KCC's Corporate Restructuring Court Documents Search provides access to thousands of historical court documents located on KCC public access websites.
For example, they do not make sense for fixed assets, such as real estate, or depreciable assets, such as machinery.
There are also a number of scams that call themselves "self-liquidating loans".
KCC does not undertake any obligation to update, modify, revise or reorganize the information provided herein, or to notify you or any third party should the information be updated, modified, revised or reorganized.
In no event shall KCC be liable to you or any third party for any direct, indirect, incidental, consequential or special damages (including, but not limited to, damages arising from the disallowance of a potential claim against a client of KCC or damages to business reputation, lost business or lost profits), whether foreseeable or unforeseeable and however caused, even if KCC is advised of the possibility of such damages.
You can choose to liquidate your limited company (also called ‘winding up’ a company).