Completing unfinished business, collecting debts, and distributing assets to creditors and partners is called:

Name: Completing unfinished business, collecting debts, and distributing assets to creditors and partners is called:
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Liquidation is the process of selling off assets to pay creditors and distribute remaining proceeds to partners or owners. Bankruptcy and insolvency are broader terms that may involve liquidation, but can also involve restructuring debts or other actions to avoid liquidation.

Completing Unfinished Business, Collecting Debts, and Distributing Assets to Creditors