What Is Liquidation? Liquidation is definitely the process of bringing a business to an conclude and distributing its assets to claimants, which happens when a company becomes insolvent.
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The company’s owned restaurants also include 246 restaurants operated under five joint venture arrangements and 35 units in Beijing and North China. The company’s outlets are staffed by devoted sales personnel who serve customers directly As well as in person.
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Not all liquidation is the result of insolvency. A company may undergo a voluntary liquidation, which occurs when shareholders elect to wind down the company. The petition for voluntary liquidation is filed by shareholders when it can be thought that the company has obtained its goals and purpose.
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The term “liquidate” has been in use in some form or another since the sixteenth century and has been used in various contexts over time. The word comes from the Latin word “liquidus,” which means “to melt” or “make clear.”
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