likvidációs
Likvidace is a Czech and Slovak term that translates to liquidation or winding up in English. It refers to the process of dissolving a company or legal entity and distributing its assets to its creditors and then to its shareholders or members. This process is typically initiated when a company is insolvent and unable to pay its debts, or when its owners decide to cease operations.
The liquidation process involves several key steps. First, a liquidator is appointed to manage the company's
There are different types of liquidation. Voluntary liquidation occurs when the company's owners decide to close