What is the liquidation of assets?

This is the procedure through which the assets and debts that correspond to each person from the marital (marriage) or patrimonial (UMH) society are distributed to each person. Law 54 of 1990 establishes the term of 1 year. to obtain the dissolution and liquidation of the property partnership between permanent partners, from the physical and definitive separation of the partners, from the marriage with third parties or from the death of one or both partners.