liquidator
- An individual or entity responsible for settling the outstanding obligations of a company or person
- The liquidator will handle the distribution of the bankrupt company's assets to its creditors.
- Upon declaration of bankruptcy, a liquidator was appointed to sell off the company's property.
- The tasks performed by a liquidator include assessing the company's assets, determining the order of claims, and distributing proceeds from the sale of assets as per the law.
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