Liquidation 1100 Words You Need Week 15 Day 1

Liquidation 1100 Words You Need Liquidation 1100 Words You Need /ˌlɪk.wɪˈdeɪ.ʃən/ (noun) the act of shutting down a business or company by selling all its property to pay its debts, insolvency, bankruptcy, closing, selling out paying all debts, redemption If a company enters into liquidation, it means that it will have to stop trading immediately and have a licensed insolvency practitioner (called a liquidator) appointed to sell the company’s assets in order to repay as much as possible to the creditors. Source: https://www.thegazette.co.uk/ If the company cannot pay its debts, and you can’t either, a consequence could be that the ...