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Before liquidating assets it may be helpful to consult your lawyer and accountant or other tax professional for assistance in planning the liquidation.
For example, if it has been determined that a company has been carrying out fraudulent activities, the court may compel the business to cease operations immediately and then set about seeking compulsory liquidation to compensate those damaged as a result of criminal activities as well as fines and punitive damages due the government.
Keeping good records of the sale of your property will protect you in case you file for bankruptcy or a creditor later questions your asset liquidation process.
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