Which TWO of the following statements about compulsory liquidation are correct?
A.
A company must be subject to compulsory liquidation if creditors prove to the court that it is unable to pay the debts when they fall due
B.
It shall trigger the crystallisation of floating charges
C.
Only secured creditors rather than unsecured creditors can petition to the court for compulsory liquidation
D.
It shall commence when the pertinent petition was first presented