Liquidating llc yet another dating
Read More Insurance to assist in the acceleration of a liquidation process, while also protecting the liquidating entity from unknown liabilities and the professionals/fiduciaries undertaking the liquidation.
Once the process is complete, the business is dissolved.
Liquidation can also refer to the act of exiting a securities position.
In the simplest terms, this means selling the position for cash; another approach is to take an equal but opposite position in the same security, for example, by shorting the same number of shares that make up a long position in a stock.
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This is not the same as its debts being discharged, as happens when an individual files for Chapter 7.