Liquidated Company

A liquidated company is a business entity that is in the process of winding up its affairs and preparing for dissolution. During liquidation, the company still exists legally, but it typically stops normal business operations and focuses only on settling debts, selling or distributing assets, completing legal and financial obligations, and closing the company in an orderly manner.

A liquidator (or insolvency administrator) is appointed to manage this process, creditors are paid according to legal priority, and any remaining assets may be distributed to shareholders. The company is therefore still legally active, but exclusively for liquidation purposes until the process is completed and the company is terminated and removed from the commercial register.

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