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Discover Ludwig"was liquidated" is a correct and usable phrase in written English.
It can be used to indicate that a company or asset was closed or disposed of in a financial process known as liquidation. Example: The struggling company could not pay off its debts and was eventually liquidated, leaving its employees without jobs and its creditors with losses.
Dictionary
was liquidated
verb
To settle (a debt) by paying the outstanding amount.
Exact(60)
The office was liquidated.
The airline was liquidated.
(It was liquidated in August 1944).
Refco collapsed into bankruptcy and was liquidated.
In September 1943, the ghetto was liquidated.
In 2010, having made no acquisitions, the fund was liquidated.
State-TV said Roweily was "liquidated by terrorists".
DialogBank was liquidated in 1999 and 2000, Mr. Derby said.
This view, Mr. Galbraith noted, "the Society reiterated until it was liquidated".
The collective was maintained even after the ghetto was liquidated in September 1943.
Mr. Wechsler retired in 1981, and I. Magnin was liquidated seven years ago.
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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