A common problem of not realizing the importance of data in future has its own share of issues in case of a liquidation or insolvency. There is a requirement of keeping the legacy system data for future references. Moreover, this data is to be kept for fulfilling various requirements like providing access to the financial authorities and using the data for custom audits or income tax audits. Apart from these requirements, the data might be required for tracking the deliveries, managing the supplier information, etc. Above all, these requirements are generally required at an international level and are not limited to one country only.