Partnership Liquidation

Based on the definition of liquidation is the act of settling all assets and liabilities as a result of the dissolution of a company by the liquidators. The liquidation process includes completing the sale of company assets, debt collection, debt settlement, and settlement of the remaining assets of company owners. Liquidation has types and examples of cases. This happens within the company because of financial problems. Usually companies experience bankruptcy or losses that make the company unable to survive much longer. With companies that are unable to meet their short-term obligations, liquidation is an option that must be taken