Corporate Liquidations

Corporate liquidation is the process of closing a company and selling off its assets to pay creditors and shareholders. It typically occurs when a business is no longer viable, facing insurmountable debts, or has chosen to cease operations. During liquidation, the company's belongings—like equipment, inventory, and property—are sold, and the money raised is used to settle outstanding debts. After all debts are paid, any remaining funds are distributed to shareholders. Liquidation can be voluntary, initiated by the company's owners, or involuntary, mandated by a court due to bankruptcy.