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liquidatie

Liquidation is the process by which a company or other legal entity is wound up, its assets are collected and sold, liabilities are settled, and any remaining assets are distributed to the shareholders, after which the entity is dissolved. It is used to terminate the business and conclude its affairs in an orderly manner.

In corporate practice, liquidation can be voluntary or compulsory. Voluntary liquidation is initiated by the shareholders

Liquidation is distinct from bankruptcy proceedings, though related. In some jurisdictions, insolvency can trigger bankruptcy proceedings

Typical steps in a liquidation include appointing a liquidator, preparing an inventory and statement of affairs,

Causes for liquidation vary from strategic cessation by owners to compliance with insolvency law. The outcome

or
owners
and
typically
begins
with
the
appointment
of
a
liquidator
who
oversees
the
wind‑down,
collects
and
inventories
assets,
settles
debts,
and
distributes
any
surplus
to
shareholders.
Compulsory
liquidation
is
ordered
by
a
court,
usually
in
response
to
insolvency
or
other
statutory
grounds,
and
a
court-appointed
liquidator
(or
trustee)
takes
control
of
the
assets
and
affairs.
rather
than
liquidation,
with
separate
processes
and
authorities
handling
creditor
claims
and
asset
realization.
In
others,
liquidation
may
occur
as
part
of
insolvency
administration
or
as
a
standalone
winding-up
of
a
solvent
company
choosing
to
cease
operations.
notifying
creditors,
selling
assets,
paying
or
providing
for
creditors
and
employees,
distributing
any
remaining
funds
to
shareholders,
and
filing
final
accounts.
The
process
ends
with
the
dissolution
of
the
legal
entity
and
deregistration
from
corporate
registers.
is
the
formal
end
of
the
company’s
legal
existence
and
the
cessation
of
its
business
activities.