Liquidating assets definition

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It only remains operational in order to complete the liquidation.The liquidator has the power of the company and company employees are dismissed.

There are 18 references cited in this article, which can be found at the bottom of the page.The assets and property of the company are redistributed.Liquidation is also sometimes referred to as winding-up or dissolution, although dissolution technically refers to the last stage of liquidation.For efficiency's sake, it will often sell these at a discount to a company specializing in real estate liquidation instead of becoming involved in an area it may lack sufficient expertise in to operate with maximum profitability.When liquidation occurs the company does not have the power to dispose of its property.

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