Liquidation Liquidation may be the dissolution of the business. Its assets are liquidated (sold off) and allocated to its debtors. Often a business is not likely when it is in a healthier finances to liquidate.
Liquidation Creditors seeking company liquidation are asking that the resources and function of the business be put in the hands of a courtappointed liquidator and out of the arms of a company they experience is being uncooperative with their efforts to secure payment of obligations.
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