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Individuals can sell investments on the open market or sell property through a broker, as in the case of real estate.In bankruptcy cases, the court-appointed trustee decides the means for liquidating assets.

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In financial terminology, assets are items that have value.

Following liquidation, the court can discharge any remaining debt.

In a bankruptcy cases, certain types of property are exempt from liquidation.

However, all non-cash assets can be converted into cash for the purpose of paying debt or making purchases.

Liquidation can occur regardless of the nature of the asset or the identity of the buyer.

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