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Liquidation is a financial process that involves the winding up of a company’s affairs, leading Liquidation Occurs when a firm's business is terminated. Learn Learn what business liquidation is, how it’s different from dissolution, when to consider it as an exit strategy, and steps to liquidate Liquidation converts assets into cash. Liquidation is defined as the process of selling a company's assets to settle its debts, which can occur voluntarily or involuntarily, What is an example of liquidation? Liquidation is the process of selling off assets to repay creditors and dissolve a Learn what liquidation is, how it legally winds down a business to pay off creditors, and what it means for owners, Definition: Liquidation specifically refers to the process of selling a company's assets to pay off debts. 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