Liquidation and Bankruptcy Regimes

Liquidation and bankruptcy regimes are legal processes that help manage a company's financial failure. Liquidation involves selling off a company's assets to pay creditors and ending the business, often when insolvency is confirmed. Bankruptcy is a broader legal framework that provides struggling companies, individuals, or entities with structured options to reorganize or settle debts. In some cases, bankruptcy can lead to liquidation, but it may also allow for debt restructuring to keep the business operational. Both regimes aim to fairly resolve financial obligations while balancing the interests of debtors, creditors, and stakeholders.