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Florida Administrative WeeklyVolume 32, Number 7, February 17, 2006Specialty Product Administration, Office of Insurance Regulation, 200 East Gaines Street, Tallahassee, FL 323990331.: Bureau Chief,

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What is rehabilitation and liquidation?

Rehabilitation and liquidation are legal processes that a company can go through when it is unable to pay its debts.

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Companies that are facing financial difficulties and are unable to meet their financial obligations may be required to file for rehabilitation and liquidation.

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Rehabilitation and liquidation are complex legal processes that require the assistance of legal professionals.

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The purpose of rehabilitation and liquidation is to protect the interests of both the company and its creditors.

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Information such as the company's financial statements, list of creditors, and proposed rehabilitation plan must be reported on rehabilitation and liquidation.

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