The Role of Liquidation in Business Bankruptcy Recovery
When a business faces mounting debts and waning hope, the notion of liquidation can easily conjure up dark images of fire sales and final farewells. Yet in the grander scheme of bankruptcy proceedings, liquidation can fill a crucial role that isn’t solely about shutting down. For some organizations, it becomes an opportunity to reassign resources more productively, protect certain interests, and sidestep the pitfalls of an unmanaged collapse.
