As I understand, liquidation means breaking up the company's assets and selling them off piecemeal to the highest bidders. Is it so different from the position we are now in?
I suppose it depends upon the degree of break-up. I may be able to buy the office equipment, the catering equipment, the spare kits, the training cones, the turf from the pitch, the lawnmowers, the plastic seats or even the concrete and steel from the stadium? Would I pay less for such a collection of assets if bought piecemeal in a liquidation sale?
Just musing...