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The phrase "going into liquidation" is correct and can be used in written English.
It is used to refer to a company ceasing operations and selling off its assets to pay creditors. For example: "The failing company announced that it was going into liquidation after months of financial difficulties."
Exact(35)
Carillion going into liquidation highlights the risk of concentrating services with a few big players.
Before I had recovered from this setback, however, Cartoon Corner announced it was going into liquidation.
The overhaul was announced during the offseason just as Rangers was going into liquidation with tax debts exceeding $30 million.
5) There was some sad news last week when London Welsh announced they would be going into liquidation.
In 2007 they were spared by Farnborough Town going into liquidation and two clubs, Hayes and Yeading, merging.
There remains no guarantee that the club can avoid going into liquidation and having to reform as a new company.
Similar(25)
BGH went into liquidation in July.
The school has gone into liquidation.
UK Express Logistics went into liquidation in February.
If that does not work, they may go into liquidation.
Eventually the London Electrobus Company went into liquidation.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com