Liquidation is a legal process whereby a business is closed and the assets are sold to pay back creditors. Liquidation generally occurs when a company faces financial challenges and is no longer able to meet their financial obligations. While the process might seem
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Financial distress and insolvency can significantly impact psychological health, with an increasing number of studies highlighting the strong links between financial worries and mental health. A 2021 report by the Pew Research Centre found that worries about financial security contributed to greater instances of psychological distress,
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In the economic world, liquidation refers to “the process of bringing a business to an end and distributing its assets to claimants.” However, while liquidation has long been connected to businesses ending, the future is leaning towards more progressive approaches, including business rescue plans. More
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