Business Liquidation Losses
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Why do liquidations usually result in losses for the creditors or the owners, or both? Would partial liquidation or liquidation over a period limit their losses? Explain
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This solution discusses business liquidation losses.
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Liquidation usually means the selling off of company assets in order to pay creditors. This usually also results in the winding up of a company (basically dissolving the company since there aren't anymore assets from which to operate the company). Liquidation can either be voluntary where the company chooses to sell off the assets and dissolve the company to pay the creditors to the best of their ability or ...
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