Liquidator (law)

A liquidator is like a grown-up person who cleans up and organizes things when something big needs to change.

Say, for example, your house is a big mess and your mommy and daddy decide to move to a new house. They will need someone to help them organize all the stuff they have in the house, decide what to keep and what to throw away, and then sell the things they don't need anymore so they can buy new things for the new house. This person is called a liquidator.

In the same way, a business can also become a big mess and need to close down or change hands. A liquidator is someone who helps the business owner close down the business and sell everything they own. They will take inventory of all the things the business has, like furniture, machines, and products that are still on the shelves. They will then decide what to do with all of these things. They may sell them to other businesses or individuals who need them, or they may auction them off to the highest bidder.

The liquidator also helps the business owner pay any debts they have to other people or businesses. They will make sure that everyone who is owed money by the business gets paid as much as possible. Once all the debts have been paid, the liquidator will distribute whatever money is left to the business owner.

So, in short, a liquidator is someone who helps people and businesses clean up, organize, and sell things when they need to make big changes. It's like a cleaning person but for big messes!