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The phrase "are liquidated" is correct and usable in written English.
It can be used in contexts related to finance, business, or legal matters, typically referring to the process of selling off assets or dissolving a company.
Example: "If the company fails to meet its financial obligations, its assets are liquidated to pay off creditors."
Alternatives: "are sold off" or "are disposed of".
Dictionary
are liquidated
verb
To settle (a debt) by paying the outstanding amount.
Exact(47)
Birch added: "If the club are liquidated it is up to the liquidator to sell Fratton Park.
At this point the initial claims are liquidated.
Lots of exploited deep wells in Poland are liquidated after drilling.
At that point the investments are liquidated and the proceeds spent.
So what happens instead of reorganization these days? A. Companies are liquidated.
In this case, assets are liquidated, though the states allow for various exemptions.
Similar(13)
"Any time companies are liquidating, people are fired.
More companies are liquidating in bankruptcy under pressure from creditors.
The airline was liquidated.
Seven have been liquidated.
The office was liquidated.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com