Navigating the Waters of Company Liquidation: A Comprehensive Guide

Liquidation of a company is a legal process in which a company's assets are sold off to pay its debts to creditors. This process is usually initiated when a company is unable to pay its debts or when it is determined that continuing its operations would not be economically feasible.
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Navigating the Waters of Company Liquidation: A Comprehensive Guide
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Navigating the Waters of Company Liquidation: A Comprehensive Guide

Company liquidation refers to the process of winding up a company's affairs, selling its assets, and distributing proceeds among creditors and shareholders.