Have you been unfortunate to encounter financial difficulties in your business? Sometimes, these difficulties can seem overwhelming, and you may want to know if liquidation is viable. So, what's involved with this process, and how can you set the ball rolling? Understanding Liquidation Liquidation is the process of winding up a company's affairs, which includes selling its assets and using the proceeds to pay off any outstanding debts. Any remaining funds are then distributed to shareholders or creditors.
15 February 2023