$BTC The liquidation is the process of dissolving a company, which generally involves selling its assets to convert them into cash. This cash is used to pay debts to creditors, and any remaining funds are distributed among the shareholders.

Liquidation usually occurs when a company is insolvent and cannot meet its financial obligations, but it can also be a voluntary decision by solvent companies to close. A liquidator is appointed to oversee this process, ensuring that the assets are sold and the funds are distributed according to legal priorities. The final outcome is the dissolution of the company, ceasing its legal existence.