What is a Liquidation Sale? A Complete Guide for Businesses
A liquidation sale is the process of selling all or a significant portion of a company's assets to pay off debts and ultimately dissolve the business. This can be a voluntary decision by the owners or forced upon them by creditors. This comprehensive guide will walk you through the entire process, from preparation to final closure, covering various types of liquidations and the roles of all involved stakeholders. Types of Liquidation Companies can undergo liquidation through various routes, each with its own procedures and outcomes....