The Commissioner for Insolvency and Receivership, Ms. Caroline Egesa, has underscored the importance of building business resilience through enhanced financial literacy and strong corporate governance structures. Speaking during the launch of Cohort 4 of the Business Recovery and Advisory Program (BRAP) at the Uganda Business Facilitation Center, Kololo, Ms. Egesa noted that many enterprises continue…
Not every business succeeds, and sometimes companies face financial troubles. That’s where URSB comes in to manage liquidation and insolvency processes.
What Is Liquidation?
Liquidation means closing a business, selling its assets, and using the money to pay off debts.
What Is Insolvency?
Insolvency is when a business can’t pay its bills or meet financial…
