What Is Liquidation of a Company and How Does It Work?

Liquidation of a company is the process of closing down a business and distributing its assets to pay off creditors. This can occur voluntarily, when a company chooses to liquidate due to financial challenges, or involuntarily, through a court order. During liquidation, the company's assets are sold, and any remaining debts are cleared. It’s important to understand the legal and financial implications of liquidation before making decisions. If you're facing liquidation or want to learn more about the process, visit our official website today for expert advice and tailored solutions to guide you through this complex procedure.