Podcasts Education Self-Improvement Keep The Change Money Mail 167 - What is a liquidation?

Money Mail 167 - What is a liquidation?

Published: July 22, 2023, 10:56 p.m.

b'Recently you may have seen more stories about businesses going into \\u2018liquidation\\u2019, which can be tricky to understand. We are going to go over some basics of what liquidation is and how it can happen. Liquidation is effectively winding up the operations of a business and selling or distributing the assets of the business to cover the debts that it owes (to what are called creditors).

Hey thanks for listening! Please take some form of action from this content, don\\u2019t just be a consumer, become a producer! Make sure you\\u2019re subscribed to Money Mail via Keepthechange.co.nz to receive our weekly lesson on money and financial literacy. Stay close to us on social media and share this with someone that you think this content will help. Together we can collectively improve the financial literacy of New Zealand - let\\u2019s get on with it.

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