Tag Archives : voluntary liquidation

What Does Liquidation Means?

What Does Liquidation Means?

Posted by on June 6, 2010 · 0 Comment

The process of taking a business’s real assets and converting them into cash for paying debt off or to reap a personal profit is called liquidation. Perhaps liquidation is done either voluntarily by a company or individual, or in a response to a declaration of bankruptcy as a way of repaying a portion of debtors.

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