# Liquidation and bankruptcy

- Topic: Articles
- Source: Beci by Securex

Bankruptcy is a procedure applied to a company (natural or legal person) that is no longer able to meet its financial obligations. Its main effect is the liquidation (in other words, the sale) of the company's assets.

**Read the full article:** [https://www.beci.be/en/liquidation-et-faillite](https://www.beci.be/en/liquidation-et-faillite)

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