Commercial Liquidations

Commercial liquidations occur when a business goes through the process of selling off its assets to pay creditors, typically due to financial instability or bankruptcy. This involves selling inventory, equipment, and other property, often at discounted prices. Liquidation can be orderly, meaning the business has a plan, or it can occur quickly in emergencies. The goal is to convert assets into cash to settle outstanding debts. Once the liquidation process concludes, the business may cease operations, or it might continue in a reduced capacity if debts are manageable.