Liquidation is severe due to the fact that it typically winds up in a business’s closure. This implies that if you are linked to the firm by any means, you must know exactly how the process is likely to affect you. The procedure has all unprotected firm possessions under the control and custody of the liquidator that functions to guarantee that firm creditors are paid as needed. By the end of the procedure the financially troubled firm is eliminated from the register of firms. Yet how actually does liquidation affect you.