In contrast to voluntary administration, a business will generally cease to trade when it goes into voluntary liquidation. The purpose of liquidation is to put the company into the hands of a liquidator who realizes all the assets of the company and also undertakes investigations and reporting to creditors. It is rare that a liquidator will allow a company to continue trade once it has been placed into liquidation but they may do so in circumstances where they do not have any personal risk from continued trading and there is a good reason to allow a business to continue trading.