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Liquidation
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Liquidation

Liquidation occurs when a company goes out of business or becomes bankrupt and sells off its assets in order to pay off creditors and other debts.

More On Liquidation

Liquidation occurs when a company goes out of business or becomes bankrupt and sells off its assets in order to pay off creditors and other debts. If there are funds left over after paying all of the company’s debts, the remaining proceeds are distributed to shareholders.