When a corporation is dissolved voluntarily, its assets can be liquidated without notice to its creditors.

Voluntarily Dissolved

Referring to the intentional decision by the owners or stakeholders of a company to legally dissolve the corporation or business.

Liquidated

The process of converting assets into cash or settling debts, often used in the context of closing a business or satisfying creditors.

Creditors

Individuals or entities that lend money or extend credit, and to whom a debt is owed by debtors.