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To many nations and individuals, borrowing may pave way to greatness but some (those unable to manage debt) it may lead to impoverishment and great sorrows.

This chapter of study is an attempt to present a review of some of the relevant literature on the subject of this study.

In order to make a meaningful research, not just to repeat what had been done by others, a researcher must make a clear distinction between his work and that of the existing literature.

In this regard, it is noted that most of the existing literature contains data obtained between 19.

This is absolutely legal under international banking rules.

Some procedures must be respected and you have to know what to do and how.

You can choose to liquidate your limited company (also called ‘winding up’ a company).

When you liquidate a company, its assets are used to pay off its debts. You’ll need a validation order to access your company bank account.The issue of Nigeria ‘s external debt had not generated much public concern prior to 1980 .It was at the beginning of 1980s that it became a topical issue of discussion among populace.This unique history and perspective allows me to see some things that are not immediately obvious to people who have been raised in the current consumer/debt society.And for all the Beginner Mustachians in attendance today, I would like to share one of these observations: Let’s illustrate what I mean with a few examples: One time, I lent money to a friend so he could pay his university tuition.It examines the views already expressed by eminent scholars mostly economists, bankers, financial analysts and even politicians on the subject matter.External debts have thus become the central problems of less developed countries like Nigeria .If that money hasn’t been shared between the shareholders by the time the company is removed from the register, it will go to the state.You’ll need to restore your company to claim back money after it’s been removed from the register.We know that not every person who is dealing with tax issues is a bad person who is trying to hide their properties or who has bad intentions ...You must be well aware of the term audit; it is the review of your income tax returns inorder to determine their accuracy and transparency.