This may also be true of a period of liquidation not preceded by crisis.
The process of permanently closing a bank and its branches, selling off any assets and using the proceeds to settle as many of the bank’s remaining liabilities as possible.
First the capital evaporates, and then the company goes into liquidation.
Two other companies went into liquidation in carrying out the work.
Regardless of what happens, you should be aware of one of your options for closing your business: small business liquidation. Liquidation is the process of selling a business’s assets to produce enough cash to pay back creditors. If a company is not able to make ends meet, liquidation is one option to pay creditors and close the business.
Liquidation is just one business exit strategy option.
An exit strategy is how you plan on selling your investment in your business.