| Summary: | Liquidation is that certain legal operation which ends the community of goods that arises by marriage through the separation of the spouses’ goods. During this operation, the parties agree upon the mass of common goods, determine the common debt and establish each parties’ contribution to the purchase of common goods and contracting common debt. This operation is mandatory and can be achieved through the courts of law or by the public notary. The advantages of liquidation by mutual agreement are obvious and pertain to saving time, money and effort. This material represents an
extensive study on the character, means of operation of liquidation, by discussing both theoretical aspects, as well as practical aspects which pertain to the act of liquidation.
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