A court proceeding in which the assets of an insolvent company or individual are liquidated.
无力偿债的公司或个人的资产被清理的法庭程序。
If the company was liquidated and its assets exceeded its debts, taxpayers would be on the hook.
如果公司清算, 其资产超过了其债务, 纳税人将在钩。
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