Liquidators are professionals or firms that specialize in selling off the assets of a business that is closing down or undergoing bankruptcy. Their primary goal is to convert the remaining inventory, equipment, and other assets into cash to pay creditors. This process often involves conducting sales, auctions, or negotiations to maximize the value of the assets. In many cases, liquidators work closely with bankruptcy courts and creditors to ensure that the liquidation process is fair and compliant with legal requirements. They may also provide services to help businesses restructure before liquidation becomes necessary, aiming to avoid the complete shutdown of the company.